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402

Archive: https://archive.today/MKtQg

From the post:

>As part of the One Big Beautiful Bill Act (OBBBA), Section 174 amortization is officially repealed; no more five-year wait for deductions. Additionally, you may be eligible for retroactive relief and immediate tax refunds for all historically amortized R&D expenses since 2022. You will need to amend returns for 2022–2024 to recover amortized costs within one year of the bill's enactment.

Archive: https://archive.today/MKtQg From the post: >>As part of the One Big Beautiful Bill Act (OBBBA), Section 174 amortization is officially repealed; no more five-year wait for deductions. Additionally, you may be eligible for retroactive relief and immediate tax refunds for all historically amortized R&D expenses since 2022. You will need to amend returns for 2022–2024 to recover amortized costs within one year of the bill's enactment.

(post is archived)

[–] 1 pt

Should lead to more R&D being done in US