The National Federation of Independent Business (NFIB) has introduced two new digital tools aimed at helping small business owners, policymakers, and the public in Alaska comprehend the economic implications of the 20% Small Business Tax Deduction. These tools also highlight what could be lost if Congress does not make this deduction permanent.
The first tool is an interactive map that illustrates potential job creation and GDP growth if the Small Business Deduction is extended. The second tool is a tax calculator designed to provide personalized estimates for small business owners in Alaska on how much more they might owe in federal income taxes by 2026 if the deduction expires.
Thor Stacey, NFIB’s state director for Alaska, stated, “These new tools give small business owners and elected leaders in Alaska real data about the economic stakes.” He emphasized that without action from Congress, many small businesses across the country, including those in Alaska, would face significant tax increases leading to fewer jobs and slower community growth. Stacey urged Congress to make the deduction permanent.
Stacey also praised the United States House of Representatives for passing the One Big Beautiful Act, describing it as one of the most pro-small business pieces of legislation recently. He noted that Congress now has a historic chance to offer over 33 million small business owners permanent tax relief.
According to NFIB’s interactive map, extending the deduction could result in an increase of 5,410 jobs and $360 million in GDP for Alaska over ten years. The district-level data aims to help lawmakers understand how local small businesses would benefit or suffer based on whether the tax deduction becomes permanent.
The tax calculator provides projections for individual business owners regarding potential tax increases if the deduction is not extended. For instance, an Alaskan small business owner with a personal income of $75,000 and qualified business income of $150,000 might see their taxes rise by over $13,000 depending on their full financial profile.
To access these tools and learn more about NFIB’s efforts to support Alaska’s small businesses, visit www.SmallBusinessDeduction.com.
For ongoing updates on Alaska’s small-business news: www.nfib.com or follow @NFIB_AK on X.
For more than eight decades, NFIB has advocated for America’s small and independent business owners at both national and state levels. As a nonprofit and nonpartisan association founded in 1943, NFIB remains dedicated exclusively to supporting these businesses today.
