The Small Business Tax Calculator offers small business owners a personalized estimate of the federal income tax break they will see next year now that the 20% Small Business Tax Deduction and other current tax relief policies were signed into law.
33 Million Small Businesses Avoid a Massive Tax Hike
33 Million Small Businesses Avoid a Massive Tax Hike
The 20% Small Business Deduction brings permanent tax relief for 9 out of 10 small businesses
NEW FEATURE: TAX CALCULATOR
Calculate your tax relief now that the Small Business Deduction is permanent
Since 2017, the Small Business Tax Deduction has allowed small businesses to deduct up to 20% of their business income. This has empowered them to grow, hire, invest in their employees, and give back to their communities. Without immediate action by Congress, this essential tax deduction was set to expire at the end of the year.
After being passed by Congress, President Trump signed legislation on July 4, 2025, making the Small Business Tax Deduction permanent. This provision provides certainty and levels the playing field for small businesses against their large corporate competitors. With this permanent tax relief, America’s small businesses will keep more of their hard-earned money to support their business and employees.
Making the Small Business Deduction permanent will benefit small businesses and the U.S. economy
Small Business Tax Surveys
The 2024 NFIB Tax Survey assessed small business owners’ biggest tax chal…
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The small businesses that anchor our economy are about to face a devastating tax hike that will hurt workers and weaken communities. I’m calling on Washington, D.C., to wake up and protect the tax relief that small businesses desperately need.
– Nathan Garden, Kansas City Star, 7/12/24
The worst thing that could happen is if Washington lets the small-business deduction die. The moment that happens, I’m going to face some painful choices. The sooner Washington acts, the sooner Main Street will be saved from the coming crisis.
– Rodney Wideman, St. Louis Post-Dispatch, 7/12/24
Only Congress can save our small business, our team, and the customers and community we serve. Our representatives and senators should fight to make the Small Business Deduction permanent.
– Kyle Lindsey, West Virginia News, 7/23/24
Ohio lawmakers in Congress and the president —no matter who it is—must make the Small Business Deduction permanent. They have until the end of next year to act. Small businesses like mine are sounding the alarm. Washington should listen before it’s too late.
– Tim Maloney, The Canton Repository, 8/12/24