NFIB Report Details Benefits of 20% Small Business Tax Deduction

NFIB Releases Report Detailing Benefits of 20% Small Business Tax Deduction, Consequences of Potential Small Business Tax Hike in Nevada - Nevada Globe

CARSON CITY, Nev., April 15, 2025—The National Federation of Independent Business (NFIB), the nation’s leading small business advocacy organization, released a new report outlining the benefits the 20% Small Business Tax Deduction will bring to Nevada if made permanent. The report also spotlights that the 333,000+ small businesses in Nevada could face significantly higher taxes if Congress does not make the 20% Small Business Tax Deduction perma…

Section 199A: Boosting Business or Busting Budgets? - Taxpayers for Common Sense

Introduced as part of the Tax Cuts and Jobs Act of 2017 (TCJA), Section 199A offers a 20% deduction on qualified business income for pass-through entities, such as sole proprietorships, partnerships, and S-corporations. A pass-through business is an entity where profits or losses are “passed through” directly to the owners, who report them on their personal tax returns, bypassing taxation at the business level. The expiration of TCJA provisions …

Survey Shows Strong Support For 20% Small Business Deduction

LANSING – A new poll released by the National Federation of Independent Business shows broad, bipartisan support for America’s small businesses along with overwhelming support for keeping the 20% Small Business Tax Deduction in the tax code. According to the survey, more than 8 in 10 Americans feel it is important for the federal government to support small businesses, including strong majorities of Republicans, Democrats, and Independents. That…

NFIB Report Details Benefits of 20% Small Business Tax Deduction

COLUMBUS, Ohio – A new report outlines the benefits the 20% Small Business Tax Deduction will bring to Ohio if it is made permanent. The National Federation of Independent Business Ohio report says the 1.1 million small businesses in the state could face significantly higher taxes if Congress does not make the 20% Small Business […] The post NFIB Report Details Benefits of 20% Small Business Tax Deduction appeared first on Business Journal Daily…