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R&E expenses were fully deductible since 1954. "Extend" is a bit of a misnomer because there was no expiration date. Rather, the The Tax Cuts and Jobs Act of
by agwa 4y ago
R&E expenses were fully deductible since 1954.
"Extend" is a bit of a misnomer because there was no expiration date. Rather, the The Tax Cuts and Jobs Act of 2017 made a change, effective 2022.
- phoehne 4y agoTo be fair, software development in 1954 is not software development today. It's less pure research. It's more akin to building the electrical infrastructure you need for a business. Even though I see the logic of treating software developed as a capitalized asset, I don't necessarily think the outcome will be net good.