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Section 174 is reversed, mostly

Finally, relief: tax regulation hurting the US tech industry is striked off for good - for the most part, that is.

Buried deep inside Trump’s “Big, Beautiful Bill” is a provision that allows companies to keep deducting expenses related to software development in the same tax year. Also added in the bill is how companies can do two years of “catch-up:” businesses can re-file tax returns using the old expensing rules 2022-2024. US companies making foreign software development-related expenditures like hiring staff, or paying for contracts abroad, are still mandated to be expensed over 15 years.

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