Business Tax Updates in the One Big Beautiful Bill

2 rufus_foreman 1 7/4/2025, 3:49:39 PM natlawreview.com ↗

Comments (1)

rufus_foreman · 6h ago
"The TCJA modified Section 174 to require taxpayers to amortize all Research and Development (“R&D”) expenses over a five-year period, rather than deducting such costs in the year incurred.

The OBBB removes this requirement and provides that taxpayers may once again deduct R&D costs in the current year."