What it means: One of the items the new administration hopes to accomplish is the extension of the Tax Cuts and Jobs Act passed in 2017, including the 20% Small Business Deduction (199A). A tax expert joins NFIB’s webinar to discuss tax planning tips for 2025. 

Our take: Stopping the massive tax hike is critical for the future of small businesses, and Congress must make the 20% Small Business Tax Deduction permanent. 

Take Action: Join over 95,000 small business owners in signing NFIB’s petition to make the 20% Small Business Deduction permanent.   

The NFIB Legal Center sponsored a webinar titled “Small Business Tax Planning for 2025 – Essential Deductions and Savings Strategies.” Managing Partner and President of Anderson Business Advisors Toby Mathis, Esq. spoke about the Tax Cuts and Jobs Act, possible proposals from the new administration, and provided tips for small business owners to take advantage of available and often overlooked tax savings opportunities.   

Additional topics discussed in the webinar included questions on deducting health care insurance and home office costs. The full webinar is available on demand. The NFIB Small Business Legal Center’s next webinar is scheduled for Wednesday, February 5.   

Take Action: Making the 20% Small Business Deduction permanent is NFIB’s top priority. Help amplify the efforts of NFIB by contacting your members of Congress and asking them to stop the massive tax hike on small businesses.