Administrator of the U.S. Small Business Administration, Kelly Loeffler, speaks during an interview with EpochTV’s “American Thought Leaders” at her office in Washington on Jan. 7, 2026. Madalina Kilroy/The Epoch Times
Millions of small businesses across the United States are seeing an average tax reduction of $7,000 this filing season, the Small Business Administration (SBA) said in an April 3 post on X.
The SBA attributed this to provisions in the One Big Beautiful Bill Act, such as enabling businesses to immediately deduct their research and development spending rather than deduct it over multiple years, and a permanent 20 percent deduction made available to small businesses. President Donald Trump signed the bill into law in July.
