This April could be the last time small start-ups like mine enjoy the tax breaks of the Tax Cuts and Jobs Act (TCJA).
Starting something new is always scary. I remember the fear I felt launching my literary magazine at the end of 2024. As I stood in line for hours at city hall waiting to file my “Doing Business As” forms, I knew it might take a while for the business to become profitable, but I was grateful that in the meantime, I could write off some of my expenses (including the paperwork filing process to get started) on my taxes. Unless Congress extends TCJA, it will be harder for people like me to get their companies off the ground.
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