American Innovation Act

March 3, 2025 – March 25, 2026

Legislators have introduced companion bills in both the House and Senate aimed at supporting new businesses by increasing the tax deduction for startup costs to $20,000.

Policies

Small Business: Tax Breaks for New Startups

S. 4207

Rep. Buchanan Proposes Quadrupling Tax Deductions for New Small Businesses

H.R. 1778

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