New Research & Experimental Tax Deduction Guidance, Proposed Legislation by Mark Leaheey, CPA, CGMA, MSA
Posted on June 14, 2024 by Mark Leaheey
The research and experimental (R&E) tax deduction under Section 174 of the Tax Code has been a boon to U.S. businesses since its introduction in 1954. However, the rules for how taxpayers may claim a benefit for these costs changed in 2022, restricting short-term cash flow. Now, two years later, Congress may have found a […]