Charles Owens - Region Director, NFIB | LinkedIn
Charles Owens - Region Director, NFIB | LinkedIn
The National Federation of Independent Business (NFIB) has introduced two digital tools aimed at illustrating the economic implications of the 20% Small Business Tax Deduction in South Dakota. These resources are designed to assist small business owners, policymakers, and the public in understanding the potential impact if Congress does not make this deduction permanent.
One of the tools is an interactive map that demonstrates how extending the Small Business Deduction could foster job creation and GDP growth across every congressional district in South Dakota. Additionally, NFIB has launched a tax calculator that provides small business owners with personalized estimates of their potential federal income tax increases in 2026 should the deduction expire.
“These new tools give small business owners and elected leaders in South Dakota real data about the economic stakes,” said NFIB South Dakota State Director Jason Glodt. “If Congress fails to act, millions of small businesses across the country—including right here in South Dakota—will face a massive tax hike. That means fewer jobs, less investment, and slower growth for our communities. We urge Congress to make the 20% Small Business Tax Deduction permanent.”
According to NFIB’s interactive map, extending the deduction could result in an increase of 8,606 jobs and $407 million in GDP for South Dakota over the next decade. The district-level data provides lawmakers and local leaders with insights into how small businesses might benefit or suffer depending on whether the tax deduction becomes permanent.
The tax calculator allows individual small business owners to estimate their potential tax increases if the deduction is not extended. For instance, a South Dakota 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 based on their complete financial profile.
NFIB also commends the U.S. House of Representatives for passing the One Big Beautiful Act recently. This legislation is considered one of the most pro-small business measures introduced lately. It presents Congress with an opportunity to offer lasting tax relief to over 33 million small business owners.
For more information on these tools and NFIB's efforts to support South Dakota’s small businesses, visit www.SmallBusinessDeduction.com
Alerts Sign-up