Will you help flood Congress with emails to save the Small Business Deduction?
What it means: A critical small business tax relief will expire next year unless we convince Congress to act.
Our take: “Without the Small Business Deduction, small businesses will have to limit their plans to grow, invest, and hire. By making the deduction permanent, small business owners will have the tax certainty they need to make business decisions about their future,” – NFIB President Brad Close.
Take Action: Email your legislators now and share how you put tax relief savings back into your business.
Next week, over 100 NFIB members from across the country will meet with legislators to advocate for small business issues such as the Small Business Deduction during NFIB’s annual Washington, D.C. Fly-In. To reinforce their efforts urging legislators on Capitol Hill to stop a massive tax hike for small businesses, please join other small business owners in flooding Congress with emails explaining why they need to save the Small Business Deduction.
Unfortunately, unless Congress acts, the 20% Small Business Deduction will expire at the end of 2025, and small business owners will face a massive tax increase. You can join other small business owners urging Congress to make the deduction permanent by reinforcing their message in a personalized email to Congress. NFIB invites all small business owners to take action now and spread the word by sharing this article with other small business owners.
“[The Small Business Deduction] has allowed me to deduct up to 20% of my business income, which has let me invest in my business, my employees, and my community. I have been able to increase my employees’ hourly wages, invest in equipment, grow from a single location to three locations, create a mobile location, and sell my Main Street-roasted coffee internationally.” – Michael Ervin, owner of Coal River Coffee Co., WV
Since 2018, when NFIB and our members helped secure tax relief, small businesses have been able to deduct up to 20% off their qualified business income. See what you have saved by asking your tax preparer or look at line 13 of your IRS 1040 Form.
