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wdaher | 8 months ago

Worth noting: the version of the Big Beautiful Bill passed by the House ends this particular change, starting in tax year 2025. We'll have to see if this provision makes it through the Senate, and in what form.

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NewJazz|8 months ago

That's crazy. We're 3 years into a 5 year depreciation cycle, and now they "change their minds". Sure convenient when you know you are in power to supercharge growth and leave a time bomb for the next admin.

xbar|8 months ago

The destructive power of the Section 174 change cannot be overstated. It has been reported on a lot, but its harms are generally poorly articulated.

I do not like many things in BBB, but I am glad to know there is at least something in there that I can be glad for.

_dark_matter_|8 months ago

Lol only for it to kick back in in 2029 during the next administration. Your employment has now become a bargaining chip in the GOP's handbook.

naijaboiler|8 months ago

Why sent tech companies and tech workers kick up a fuss when this bill passed in 2017. I remember being mad about it

walterbell|8 months ago

> ends this particular change

Temporarily, for 5 years.

badloginagain|8 months ago

If remember correctly, this was put in by Trump first round, set to activate when Biden was in office.

Now Trump second round fixes it, but expires in next (presumably) Democrat administration.