Will Section 174 tax changes be reversed in 2024?

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Ṁ4244

resolved Jan 1

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These changes require software engineering salaries to be amortized effectively, producing an artificial profit on paper for many companies.

If an IRS guidance is issued, or a bill is passed and signed that allows software engineer salaries to be deducted in the same year then this market will resolve yes.

The revision does not have to apply to the 2024 tax year.

https://open.substack.com/pub/pragmaticengineer/p/the-pulse-will-us-companies-hire

https://www.perplexity.ai/search/c86e815d-210a-4677-841d-0caecdef9839

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@traders New year new question" Will Section 174 tax changes be reversed in 2025?"
https://manifold.markets/AviD/will-section-174-tax-changes-be-rev-Uc2s6AdCpu?play=true

predictedYES

How do people think this should resolve if foreign software salaries are still amortized, but domestic are reverted to an expense?

I’d lean towards resolving prob 75% in that case.

predictedYES

https://www.grantthornton.com/insights/articles/tax/2024/tax-extenders-compromise-faces-barriers-in-both-chambers

predictedYES

https://www.forbes.com/sites/lynnmucenskikeck/2024/01/02/irs-provides-limited-relief-surrounding-irc-174/?sh=21bcc0bc2438

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