SECTION 174 IS REVERSED: ALL US-BASED R&D EXPENSES ARE NOW FULLY DEDUCTED

Summary from the TLDR Founders newsletter

The five-year R&D expense amortization nightmare is over. Congress just reversed Section 174, meaning you can fully deduct domestic R&D expenses immediately instead of spreading them over five years. Better yet, startups under $31M in revenue can get retroactive refunds for all amortized expenses since 2022. You have one year to file amended returns for 2022-2024 or take a catch-up deduction in 2025.