Topics:
August 29, 2023 Last Edit: June 5, 2025
“If Congress takes no action, the 20% Small Business Deduction will expire in 2025, imposing a massive tax hike on a majority of America’s small businesses.”
LISTEN: NFIB President Brad Close Joins WBAP in Dallas, Discusses Campaign to Stop Major Tax Hike on Texas Small Businesses
“If Congress takes no action, the 20% Small Business Deduction will expire in 2025, imposing a massive tax hike on a majority of America’s small businesses,” said NFIB President Brad Close. “While Members of Congress are back in their states and districts in August, small business owners want them to understand the importance of making the 20% Small Business Deduction permanent.”CLICK HERE to listen to the full interview. Background: The 20% Small Business Deduction (Section 199A) allows small businesses organized as pass-throughs (S corporations, LLCs, sole proprietorships, or partnerships) the ability to deduct up to 20% of qualified business income and is scheduled to expire in 2025. The Small Business Deduction was created in the 2017 tax law to bring small businesses’ tax rates closer to that of their large, corporate competitors. In a recent NFIB member ballot, 91% of NFIB members said they supported permanently extending the expiring provisions of the 2017 tax law. According to NFIB’s 2021 tax survey, nearly half of small business owners (48%) reported the uncertainty of expiring tax provisions is impacting their current or future business plans. Learn more at www.SmallBizDeduction.com
State:
Get to know NFIB
NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.
Related Articles
March 18, 2026
NFIB Thanks Senate Committee, Urges Passage of Tax Simplication Bill
The legislation would help reduce costs and paperwork for small businesses.
Read More
March 18, 2026
LISTEN: NFIB State Director Discusses Legislative Priorities
Leah Long tells Talk 107.3 about the challenges facing Louisiana’s small businesses.
Read More
March 17, 2026
Small Businesses Came out of 2026 Session with Six Big Victories
NFIB helped defeat or pass some important measures in the Utah State Legislature
Read More
March 17, 2026
WATCH: NFIB Missouri Hosts Virtual Small Business Day
Small Business owner members receive updates on NFIB’s efforts in Jefferson City and Washington, D.C.
Read More