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
TAX CALCULATOR
Calculate your tax relief now that the Small Business Deduction is permanent
In a landmark victory, the 20% Small Business Tax Deduction was signed into law, stopping a massive tax hike on more than 33 million small businesses. By making the Small Business Deduction permanent, small business owners across the country have certainty through the tax code to confidently grow their businesses.
The 20% Small Business Tax Deduction empowers small business owners to hire new workers, raise wages for their employees, and give back to their communities – but it was set to expire at the end of 2025, raising taxes on tens of millions of small businesses.
Thanks to the advocacy of small business owners across the country, Congress made the 20% Small Business Tax Deduction permanent, and small business owners have more certainty to plan for the future. Supporting small businesses with pro-growth tax policies benefits the overall economy and communities in every corner of America.
Small Business Deduction Tax Relief
Watch and hear from the small business owners.