Free NFIB WEBINAR: 

 Wednesday, March 13th at 12pm ET

What is the Small Business Deduction
(Section 199A)

For years, small businesses have counted tax issues among five of their top ten problems and priorities. The 2017 Tax Cuts and Jobs Act presented the biggest tax overhaul in more than three decades, and it dramatically changed the landscape for many small businesses.

The centerpiece of those changes is the new Small Business Deduction (Section 199A). This important deduction allows businesses organized as pass-throughs to deduct 20 percent of their business income from an S-Corporation, LLC, sole proprietorship, or partnership. Under the law, a pass-through business owner – regardless of the type of business they own – can now claim a full 20 percent deduction on their share of the business’s income up to $315,000 for those filing jointly.

   Download the Slides

About the Speaker:

 

Kevin Kuhlman
Senior Director, Government Relations, NFIB

Kevin specializes in healthcare and health insurance issues, directing NFIB’s healthcare advocacy strategy. Kevin closely follows the healthcare regulatory process and comments on regulations that impact NFIB’s small business owner members. More recently, Kevin tracked consideration and implementation of the Tax Cuts and Jobs Act, advocating for small business tax relief for small business owner members.

Before joining NFIB in 2011, Kevin handled healthcare, labor, education, and small business issues for Congressman Peter Roskam from Illinois. He started his career on Capitol Hill in 2006 as a research staff member for the Committee on Ways and Means.

 

Courtney Titus Brooks
Federal Government Relations Manager, NFIB

Courtney joins NFIB with over 10 years of experience in government and government affairs. She most recently served as Director of Federal and State Government Relations for the U.S. Tire Manufacturers Association. 

Earlier in her career, Courtney served as Legislative Director for Rep. Tom Rice (R-SC). She had the pleasure of working for Rep. Rice from his first day on Capitol Hill until a year after he was placed on the Ways and Means Committee. Prior to her years in the House of Representatives, Courtney worked for Senator Lindsey Graham (R-SC) in two different stints – first as Legislative Correspondent, then as Legislative Assistant. Between these opportunities, Courtney coordinated the Program for Alternative Certification for Educators within the South Carolina Department of Education.   

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