The One Big Beautiful Bill Changed R&D Tax Rules. Here’s What it Means for Your Business.

The R&D Tax Credit changes made in summer 2025 allow taxpayers meeting certain criteria to make a retroactive election to deduct, versus amortize research and experimentation (R&E) expenses. The One Big Beautiful Bill Act (OBBBA) introduced new IRC Section 174A, which reinstated immediate R&E expensing and, for qualifying small businesses, allows them to claim credits for select previous years. The catch? Time is running out for this. The time to claim is now.... By: RK Partners