Blog | Federal Investment
June 7, 2023
Sign-on Letter Calling for Congress to Restore Immediate Expensing in Sec. 174 R&D Tax Deduction
Since 1954, the section 174 R&D tax deduction has enabled businesses conducting research and development to deduct these expenses in the year they are incurred. Unfortunately, this provision lapsed in 2022, significantly increasing the cost of performing R&D and receiving…
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