Skip to content

NFIB Radio, Digital Ads Urge Congress to Make Small Business Deduction Permanent

NFIB Radio, Digital Ads Urge Congress to Make Small Business Deduction Permanent

May 7, 2024

Main Street businesses could see a big tax increase in 2025 unless Congress acts soon

NFIB Radio, Digital Ads Urge Congress to Make Small Business Deduction Permanent

The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, launched a radio and digital ad campaign today in Northern Virginia urging members of Congress to pass the Main Street Tax Certainty Act and make the 20% Small Business Deduction permanent. “Our small business members in Northern Virginia and throughout the commonwealth are facing a massive increase in 2025 unless Congress makes the Small Business Deduction permanent,” NFIB State Director Julia Hammond said. “We’re encouraged that the bipartisan Main Street Tax Certainty Act has been introduced in both the House and Senate, and we hope Congresses passes it.” 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. NFIB President Brad Close recently penned an op-ed in the Wall Street Journal where he discussed the importance of the 20% Small Business Deduction for Main Street businesses nationwide.

Check it out!

Until 05/11/2024
Lorem ipsum dolor site amet
Learn More
Get to know NFIB

NFIB is a member-driven organization advocating on behalf of small and independent businesses nationwide.

Receive our newsletter and email notification
Knowledge is power. Let us help you stay informed with breaking legislative news, regulatory updates, business tips, and more.

Related Articles

April 15, 2025
NFIB Report Shows Impact of Potential Tax Hike on VA Small Busi…
The 20% Small Business Deduction will expire at the end of 2025 unless Cong…
Read More
Small Business Owner Calculates Taxes Finance Expensive Inventory Inflation Cost
April 15, 2025
How a Potential Small Business Tax Hike Will Impact Minnesota
NFIB Releases Report Detailing Benefits of 20% Small Business Tax Deduction…
Read More
Rhode Island capitol building
April 14, 2025
Rhode Island Capitol Update
NFIB State Director Christopher Carlozzi testified before the House Committ…
Read More
Text Property Taxes is on the white paper with coffee, calculator and ball pen aside.
April 10, 2025
Vermont Lawmakers Consider New Property Tax Classes
The Vermont House is working on a plan to overhaul the state’s property t…
Read More

© 2001 - 2025 National Federation of Independent Business. All Rights Reserved. Terms and Conditions | Privacy Policy | Accessibility