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OBBB signed: Reinstates immediate expensing for U.S.-based R&D

(www.kbkg.com)
342 points tareqak | 1 comments | 05 Jul 25 00:24 UTC | HN request time: 0.331s | source
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tareqak ◴[05 Jul 25 00:36 UTC] No.44469188[source]▶
> Foreign R&D must still be amortized over 15 years
replies(2): >>44469232 #>>44470230 #
macinjosh ◴[05 Jul 25 00:46 UTC] No.44469232[source]▶
Awesome, this literally could not be better for American tech workers.
replies(5): >>44469256 #>>44469263 #>>44469547 #>>44469894 #>>44469934 #
Den_VR ◴[05 Jul 25 00:53 UTC] No.44469256[source]▶
So payroll for R&D is now entirely tax deductible? Businesses get to choose to pay taxes or do R&D for themselves?
replies(3): >>44469268 #>>44469316 #>>44469327 #
1. n_u ◴[05 Jul 25 01:05 UTC] No.44469316[source]▶
It’s more about whether or not the company has taxable profits for that year (importantly these are not the same as real profits). I would read this article to understand more about how being forced to amortize tax deductions for expenses affects a business’s taxes.

https://news.ycombinator.com/item?id=44180533

more info here too

https://news.ycombinator.com/item?id=44226145