Only those earning $500,000 or less could take advantage of the full $40,000 cap, under the bill the Senate passed.

NFIB commends Ohio's new budget for supporting small businesses through tax cuts, workforce initiatives, and a pro-growth ...

Discover how this budget bill lowers taxes, boosts economic growth, and enhances national security for Ohio families and the ...

Husted was among the 50 Republican senators who voted to advance President Donald Trump’s tax legislation today. Vice President JD Vance cast the tie-breaking vote.

The Senate passed its version of the One Big Beautiful Bill Act. The bill contains many tax provisions beyond extending ...

Small businesses make up 99.9% of all American businesses, but they are too often ignored in Washington, and the debate around the One Big Beautiful Bill Act is no exception. While there has been ...

Small businesses benefit from the 'One Big, Beautiful Bill Act' which prevents tax hikes, incentivizes American manufacturing ...

The interest you pay on a business loan is tax-deductible if you meet specific criteria defined by the IRS. Here's what you need to know about these criteria.

If the deduction cap rises, at least eliminate the state workarounds.

Imagine you’re climbing a mountain with a backpack full of heavy stones. You’re strong and have the will to manage, but the ...

The deduction would phase out at $200,000 of QBI for single filers and $400,000 of QBI income for joint fillers, providing targeted tax relief to small businesses. The Tax Cuts and Jobs Act of 2017 ...

Many small businesses became eligible for a qualified business income deduction — allowing them to deduct up to 20% of their income from taxes — under the 2017 Tax Cuts and Jobs Act aimed at ...