• Ep. 59: Key Tax Deduction Expiring Without Congressional Action

  • Apr 17 2025
  • Length: 36 mins
  • Podcast

Ep. 59: Key Tax Deduction Expiring Without Congressional Action

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  • Summary

  • This tax season, small business owners discuss how they use the savings from the 20% Small Business Tax Deduction to invest in their business, employees, and community. NFIB members Kellie Loudin and Tim Corbitt discuss specific ways they use deduction savings and why it is crucial for Congress to make the deduction permanent to prevent a massive tax hike. U.S. Representative Mike Kelly (PA-16) is a member of U.S. House Ways and Means Committee and gives his perspective on small business policies in Congress as a small business owner, expectations for the tax bill, and the importance of small business owners getting involved and staying engaged.

    Find Line 13 on your IRS form 1040.

    See state-specific reports on benefits of the 20% Small Business Tax Deduction.

    Send a message to urge your elected officials to make the deduction permanent.

    To submit your questions or requests for future podcast topics or guests, please email podcast@nfib.org.

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