Fight to Stop a Massive Tax Hike
NFIB recently launched ads to urge Congress to pass the Main Street Tax Certainty Act.
What is this bill? It is one of the most important pieces of legislation that could impact your business.
The Main Street Tax Certainty Act would make the 20% Small Business Deduction permanent. Currently, it is set to expire at the end of 2025, imposing a massive tax hike on your small business if you are a pass-through entity. This allows you to deduct 20% of qualified business income, which helps to increase wages, expand benefits, invest in equipment, etc.
How do you know if you benefit? Easy. Check Form 1040, line 13, or ask your tax professional about your savings.
What can you do to help? Take the information you learned from your Form 1040 and contact your elected officials. Let them know how important this tax policy is on your business and the impact on your employees and community.
Now is the time to fight against a massive scheduled tax increase and make your voice heard. TAKE ACTION NOW!