The National Federation of Independent Business (NFIB) has introduced two new digital tools aimed at helping small business owners, policymakers, and the public in New York understand the economic implications of the 20% Small Business Tax Deduction. These tools highlight what could be at stake if Congress does not make this deduction permanent.
The newly launched tools include an interactive map and a tax calculator. The map allows users to explore potential job creation and GDP growth across New York’s congressional districts if the Small Business Deduction is extended. Meanwhile, the tax calculator offers personalized estimates for small business owners on how much more they might owe in federal income taxes in 2026 should the deduction expire.
Ashley Ranslow, NFIB’s state director for New York, stated: “These new tools give small business owners and elected leaders in New York real data about the economic stakes.” She emphasized that without Congressional action, millions of small businesses could face significant tax increases leading to fewer jobs and slower community growth.
Ranslow also commended the United States House of Representatives for passing a tax cuts package, describing it as “one of the most pro-small business bills in recent history.” She noted that Congress has a chance to provide over 33 million small business owners with lasting tax relief.
According to NFIB’s data, extending the deduction could result in an increase of 137,738 jobs and $12.581 billion in GDP for New York over ten years. This district-level information aims to assist lawmakers and local leaders in understanding potential gains or losses based on whether or not the deduction becomes permanent.
For individual projections, a New York small business owner with a personal income of $75,000 and qualified business income of $150,000 might face a tax increase exceeding $13,000 if the deduction is not extended.
To access these tools or learn more about NFIB’s efforts to support New York’s small businesses, visit www.SmallBusinessDeduction.com.
NFIB has been advocating for America’s small businesses since its founding in 1943. It operates as a nonprofit organization dedicated solely to representing independent businesses nationwide.
