Business Interest Expense Deductions Become More Restrictive in 2022 by Heath Standorf, CPA
Posted on April 11, 2022 by Heath Standorf
One of the few unfavorable provisions of the Tax Cuts and Jobs Act (TCJA) recently became even more detrimental to certain businesses. Effective Jan. 1, 2022, the amount of net business interest expense (BIE) businesses may deduct from taxable income is further reduced. The results have the potential to increase investment and borrowing costs, making […]