OBBBA 2025: Section 174 Repeal, R&D Tax Credit Myths & Refund Rules

The One Big Beautiful Bill Act (OBBBA), signed July 4, 2025, repeals Section 174 amortization for U.S. R&D, restoring immediate expensing and boosting Section 41 tax credits. This guide debunks common myths—covering refunds, audits, software costs, and small business eligibility—so you can maximize savings.