Congress has officially passed a long-awaited fix to the R&D tax rules.

With the enactment of Section 174A, businesses can once again immediately deduct domestic research expenses—eliminating the burdensome capitalization requirements that have been in place since 2022. The legislation has cleared both chambers of Congress and is now signed into law, with IRS guidance expected shortly.

This presents a major opportunity to amend prior returns, restart or claim the Section 41 credit, and free up valuable cash in 2025. But deadlines are approaching fast—especially the statute of limitations on 2022 amended returns.

Download the one-sheet to get a clear breakdown of what’s changing, how it applies to your filing history, and the steps you should take right now.

DOWNLOAD THE ONE SHEET “SECTION 174 BIG BEAUTIFUL BILL PLANNING” HERE!!!!