Bill BBB and Section 174
4 graycat 1 6/21/2025, 5:00:18 PM
Looks like a solution is on the way to the
tax problems of Internal Revenue Code
(IRC) Section 174:
As at
https://news.ycombinator.com/item?id=44226145
with Tell HN: Help restore the tax
deduction for software dev in the US
(Section 174)
is Companies building software in the US
were hit hard a few years ago when
the tax code stopped allowing
deduction of software dev expenses.
Now they have to be amortized over
several years.
Now as at https://www.whitehouse.gov/wire/
on the BBB (Trump calls the "Big Beautiful
Bill) is in part The bill also restores 100% immediate
expensing, allowing businesses to
write off investments, expansion, and
modernization.
So, that provision may alleviate the
effects and concerns of Section 174.Comments (1)
mtmail ยท 7h ago
That's the same bill as "Why millions of Americans would lose health insurance under House GOP megabill", isn' it https://www.cnbc.com/2025/06/06/health-insurance-coverage-lo...