STATE:

Why NFIB

Take Action

Get Support

Stay Informed

Podcast Podcast

Careers Careers

Join Now

Home / News /

Raleigh Entrepreneur Featured in National NFIB Video on 20% Small Business Deduction

August 24, 2023 Last Edit: June 5, 2025

The deduction will expire in 2025 unless Congress votes to make it permanent

Raleigh Entrepreneur Featured in National NFIB Video on 20% Small Business Deduction

Jeff Hastings, owner of Burke Brothers Hardware, an NFIB member business in Raleigh, is spotlighted in a national NFIB video featuring small business owners from across the country explaining the importance of the 20% Small Business Deduction. 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. In the “In Their Own Words” video, Hasting says: “The 20% deduction is critical for our business because over the last year, we’ve invested $35,000 back into our business. That’s been able to bump up our inventory, it’s been able to add some infrastructure that was lacking, it’s been able to do some improvements into what we’re trying to do for the good of the community and our customers.” Watch the video here: The 20% Small Business Tax Deduction Boosts Reinvestment Opportunities for Small Business Owners from NFIB Video on Vimeo. NFIB recently launched a campaign urging Congress to pass the Main Street Tax Certainty Act, which would make the 20% Small Business Deduction permanent for small businesses. Learn more at www.SmallBizDeduction.com.

Topics:

Taxes

State:

North Carolina

Get to know NFIB

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

Learn More

Promotional poster for the National UI Issues Conference in Salt Lake City (May 13–15, 2026), with bees and the city skyline.

May 18, 2026

Nationwide UI Conference Held in Salt Lake City

NFIB members, Utah legislators spoke at three-day gathering

Audience seated at round tables watching a panel discussion on a stage in a conference room, with a large screen showing speakers above the stage.

May 18, 2026

North Carolina Owners Gather for Small Business Day

The annual event let NFIB members engage with lawmakers on key issues.

May 18, 2026

Be Sure Your Small Business is Ready for Hurricane Season

The National Oceanic and Atmospheric Administration (NOAA) will release its annual Atlantic hurricane season outlook on Thursday, May 21. Hurricane season run…

May 15, 2026

NFIB: Small Business Owners Thank Kemp, General Assembly for Suspending Fuel Tax

It will follow a suspension that expires on May 19.

Raleigh Entrepreneur Featured in National NFIB Video on 20% Small Business Deduction

Related Articles