[HN Gopher] US only country where developers' salary cannot be e...
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       US only country where developers' salary cannot be expensed the
       same year
        
       Author : delichon
       Score  : 12 points
       Date   : 2024-07-26 21:54 UTC (1 hours ago)
        
 (HTM) web link (twitter.com)
 (TXT) w3m dump (twitter.com)
        
       | verdverm wrote:
       | For context, this is the Section 174 from the Trump Tax Cuts.
       | Everyone expected it would be reversed before it went into
       | effect, but the 118th congress has been largely unable to pass
       | any legislation.
       | 
       | tl;dr - previously companies could choose 1 or 5 years to
       | amortize, now no choice & clarification that most software
       | development counts as capital improvements (like building a
       | factory). Many smaller companies are getting surprise tax bills
       | this year, many of us have been putting it off with standard tax
       | deferments (6 months)
       | 
       | https://blog.pragmaticengineer.com/section-174/ |
       | https://news.ycombinator.com/item?id=38870429 (blog post by same
       | Twitter user, Gergely Orosz)
       | 
       | https://news.ycombinator.com/item?id=38642461 (older tweet from
       | Gergely Orosz)
       | 
       | https://news.ycombinator.com/item?id=34627712 (largest Ask HN
       | discussion)
        
         | username135 wrote:
         | Thanks for the links
        
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       (page generated 2024-07-26 23:09 UTC)