"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."
rufus_foreman•3h ago
The OBBB removes this requirement and provides that taxpayers may once again deduct R&D costs in the current year."