Bill BBB and Section 174
3 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 · 2h 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...