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Did it end up removing the tax weirdness about amortizing software development costs?
by jasonthorsness 1y ago
Did it end up removing the tax weirdness about amortizing software development costs?
- alphawhisky 1y agoNo, it just amortized our morals as a country.
- mathiaspoint 1y agoI think you're asking if it adds it back, it got removed years ago and that's part of why the job market blew up.
- jasonthorsness 1y agoI think it did: https://www.cbiz.com/insights/article/the-one-big-beautiful-bill-act-back-to-house-for-approval-detailed-analysis?utm_source=chatgpt.com https://www.cbiz.com/insights/article/the-one-big-beautiful-... "OBBBA permanently allows immediate deductibility of R&E expenses rather than five-year amortization for R&E beginning after Dec. 31, 2024. Businesses with annual gross receipts of $31 million or less are allowed to apply this change retroactively for tax years beginning after Dec. 31, 2021." However I couldn't find the actual bill text so take this source as you will.
- matheweis 1y agoIf so, this shouldn’t be flagged because it would be a significant event relevant to tech