this post was submitted on 25 Jan 2024
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This plus the changes to section 174 meaning R&D costs have to be written off over five years instead of all in the year they're incurred. That's hurting startups a lot and many have had to switch from building new stuff to licensing/selling their existing stuff, and firing some expensive engineers/developers, to be able to afford to stay open. https://www.axios.com/2024/01/20/taxes-irs-startups-section174