Economics

Note, Sep. 2024: I want to point something out: I’ve given few references here besides a couple of Google search results I happen to like. This page gives my current understanding. I’m still researching it, and you should research it yourself, don’t take my word as gospel truth. But this is how I understand it right now.

Googling section 174 layoffs will point you to a lot of information.

I’m also going to add some links at the bottom to interesting references to the issue, as I come across them. —Mike

IMPORTANT UPDATE, July 3, 2025: Pending signing of the new tax bill tomorrow, it appears the below information may finally be obsolete. The tax bill passed by Congress today quietly included a provision permanently repealing the below-discussed Section 174 changes. See https://abgi-usa.com/section174/latest-and-greatest

UPDATE 2, July 16, 2025: If…