Individuals or investors in a trade or business may take an immediate deduction for research and Experimental expenditures. For a more detailed description of this tax expenditure, see corporate excise item 2.308.
Origin: IRC § 174
Tax Type
Tax Expenditure
Item Number
Item Name
Description
Origin
FY2019
FY2020
FY2021
FY2022
FY2023
Personal Income Tax
Accelerated Deductions from Gross Income
1.309
Expensing Research and Experimental Expenditures in One Year
Individuals or investors in a trade or business may take an immediate deduction for research and Experimental expenditures. For a more detailed description of this tax expenditure, see corporate excise item <a href="/tax-expenditure-budget/corporate-excise-tax/accelerated-deductions-from-gross-income/2-308">2.308</a>.
<a href="http://www.law.cornell.edu/uscode/html/uscode26/usc_sec_26_00000174----000-.html" target="_blank">IRC § 174</a>
0.8
1.3
0.3
0.3
0.3
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