Congress Passes One Big Beautiful Bill – President to Sign on July 4
Withum
JULY 4, 2025
One Big Beautiful Bill Tax Provisions The One Big Beautiful Bill includes the following significant federal income tax provisions. However, to the extent the 2024 taxable year has not been filed, 174 domestic R&E can be immediately deducted. Effective for taxable years beginning after December 31, 2024.
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