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That was considered a tax loophole by the last administration so the R&D exception was allowed to expire in 2022 and only recently restored by the new admin.
by ivewonyoung 1y ago
That was considered a tax loophole by the last administration so the R&D exception was allowed to expire in 2022 and only recently restored by the new admin.
- conradev 1y agoR&D tax credits did not “expire". Immediate expensing expired in 2022, requiring companies to split credits across multiple years. Multiple attempts since then have tried to restore expensing (often in bipartisan tax packages), but Congress hasn’t passed a permanent fix.
- ivewonyoung 1y ago> but Congress hasn’t passed a permanent fix The new admin just did that last month in the Big Beautiful Bill.