R&D Tax Credit Insights & Analysis

Section 174 Repeal: Big Win for SMEs in Senate Tax Reform

The Senate’s latest tax reform proposal includes a potential repeal of Section 174 amortization, offering SMEs the opportunity for immediate expensing of domestic R&D costs and retroactive tax benefits if enacted. This blog explains what will change, how SMEs can prepare, and what to watch for as the bill moves through Congress. Stay informed and ready to maximize your R&D tax savings if the new law is passed.

Pending 2025 Tax Bill Promises Section 174 Repeal

2025 tax bill draft document with Section 174 repeal highlighted for R&D tax relief.

2025 IRS Form 6765 Updates: Maximize R&D Tax Credits

The 2025 IRS Form 6765, used to claim R&D tax credits, introduces stricter reporting requirements.

Section 174 Relief: Estes’ R&D Bill Boosts Innovation in 2025

The Estes American Innovation and R&D Competitiveness Act offers a clear fix for Section 174’s innovation drag—immediate expensing, retroactive relief, likely resulting in major economic lift.

Section 174 Repeal Update: How OBBBA Section 174A Restored Immediate R&D Expensing

Section 174 amortization was repealed by OBBBA in July 2025. New Section 174A restores immediate domestic R&D expensing for tax years beginning after December 31, 2024. Eligible small businesses can amend 2022, 2023, and 2024 returns retroactively under Rev. Proc. 2025-28, with a deadline of July 6, 2026 or the Section 6511 statute of limitations, whichever is earlier. Here is what to do next.

Claim 2021 R&D Tax Credits Before the Deadline

Time is running out to claim your 2021 R&D tax credits before the 2025 deadline! These credits can reduce tax liabilities, improve cash flow, and support innovation, but after the deadline, the opportunity will be gone. The good news? Section 174 amortization rules don’t apply to 2021 claims, allowing businesses to fully deduct R&D expenses. Eligible activities include software development, prototyping, testing, and more. Act now to secure these valuable tax savings and ensure your business stays competitive!

Game-Changing Tax Reform Ahead? What Every American Business Owner Should Know About R&D Tax Changes

Recent Republican political victories create potential for changes to Section 174 R&D tax treatment. Currently, businesses must capitalize/amortize costs over 5/15 years. Reform could reintroduce immediate expensing, improving cash flow and competitiveness. However, any changes depend on the legislative process and broader economic priorities. Businesses should monitor developments, consult experts, review R&D strategies, and maintain documentation to prepare.

Startup R&D Tax Credit: How Pre-Profit Companies Offset Payroll Taxes in 2026

Is the R&D Tax Credit About to Be Fixed by Congress?

TCJA’s Impact on the R&D Tax Credit & Section 280C

The Employee Retention Credit: Urgent Changes and What They Mean for Your Business

On September 14, 2023 the IRS issued a moratorium on new claims for the ERC, immediately halting all processing of new claims at least through the end of the year. The drastic stance taken is aimed at preventing fraudulent claims and protecting honest businesses like yours from falling prey to scams.

Can the R&D Tax Credit Offset the Section 174 Changes?

Jonathan Cardella, CEO of Strike Tax Advisory, joins Michell Hansen, host of the Software Social podcast and Co-Founder of Geocodio, to talk R&D tax credits and answer the commonly asked question: can the R&D tax credit offset the Section 174 changes? Listen in as Jonathan explains the R&D tax credit, breaks down the new Section 174 changes, and ties them both together. While Strike acts as a specialty tax credit advisory firm, we strongly encourage all business owners to work through their tax situation with their tax professional.