Since 2018, nine out of 10 of America’s small businesses benefit from the critical 20% Small Business Deduction.
Unfortunately, this deduction expires in 2025 – while tax cuts established for large multinational corporations are permanent.
It’s time for Congress to protect small businesses – not hike our taxes.
The Main Street Tax Certainty Act
This critical legislation makes the 20% Small Business Deduction permanent.
What does this mean for small businesses?
Pass-through entities (Sole Proprietorships,
S-Corporations, Partnerships, or LLCs) can deduct up to 20% of qualified business income permanently.
Nearly half (48%) of small business owners who currently report uncertainty regarding the expiring provision can feel confident in their current and future plans.
Small businesses can reinvest in their communities and employees – including focusing on hiring and growth.
Prevent an impending tax hike that would further challenge small businesses’ ability to operate and create jobs.
Podcast
What NFIB Members Are Saying
“This tax relief provides crucial cash flow that allowed us to provide up to $4,000 raises to our employees, the largest compensation increases we have been able to provide in recent years. These raises increased employees’ take-home pay and helped us retain employees. Retaining highly-valued employees is key for our businesses to function.”
– Iowa Small Business Owner
“The ability to keep $5,000 to $10,000 a year in my company is a big deal to a small business owner like me. In fact, since the first of the year, I have decided to expand into a new product line. To launch this product line, I need to purchase new equipment, invest in training, and build a new website. The tax savings has put me in a better financial position to self-fund this new product.”
– Pennsylvania Small Business Owner
Connect With Us
Since 2018, nine out of 10 of America’s small businesses benefit from the critical 20% Small Business Deduction.
Unfortunately, this deduction expires in 2025 – while tax cuts established for large multinational corporations are permanent.
It’s time for Congress to protect small businesses – not hike our taxes.
The Main Street Tax Certainty Act
This critical legislation makes the 20% Small Business Deduction permanent.
What does this mean for small businesses?
Pass-through entities (Sole Proprietorships,
S-Corporations, Partnerships, or LLCs) can deduct up to 20% of qualified business income permanently.
Nearly half (48%) of small business owners who currently report uncertainty regarding the expiring provision can feel confident in their current and future plans.
Small businesses can reinvest in their communities and employees – including focusing on hiring and growth.
Prevent an impending tax hike that would further challenge small businesses’ ability to operate and create jobs.
Podcast
What NFIB Members Are Saying
“This tax relief provides crucial cash flow that allowed us to provide up to $4,000 raises to our employees, the largest compensation increases we have been able to provide in recent years. These raises increased employees’ take-home pay and helped us retain employees. Retaining highly-valued employees is key for our businesses to function.”
– Iowa Small Business Owner
“This tax relief provides crucial cash flow that allowed us to provide up to $4,000 raises to our employees, the largest compensation increases we have been able to provide in recent years. These raises increased employees’ take-home pay and helped us retain employees. Retaining highly-valued employees is key for our businesses to function.”
– Iowa Small Business Owner
Connect With Us
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