Posted by Kristin Oberlander - The Help Entrepreneurs Create American Jobs Act of 2012, H.R. 4032, makes permanent the deduction for startups at $10,000. The deduction is set to expire and decrease to $5,000 at the end of the year. The startup deduction provides assistance to those starting their own businesses. The permanent tax deduction serves as a strong incentive for future self-employed individuals who were previously daunted with the upfront expenses associated with starting a business.
Please urge your Member of Congress to cosponsor and support H.R. 4032, The Help Entrepreneurs Create American Jobs Act of 2012. Visit the NASE's Legislative Action Center to find the contact information for your lawmakers.