Research and Experimental Expenditure (Section 174) Tax Treatment Changes Startups Need to Know
Shay CPA
MARCH 22, 2023
As part of the Tax Cuts and Jobs Act (TCJA), there was a change to Section 174 that directly impacts the R&D tax credit many startups take. As a result, this change affects your 2022 tax filings. Additionally, if you live in a state that imposes a Capital Base Tax (e.g., New York), this also impacts that base rate.
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