R&E Costs Deductible Again

September 11, 2025

Hi There!

At SKP, we take identity protection seriously. Join us for our seventh annual Shredding Day:

Saturday, September 27, 2025

9:00 a.m.-12:00 p.m.

At the SKP Office: 47 Middletown Avenue, North Haven

R.S.V.P. by September 25 by clicking here or calling 203-933-1679

A shredding truck will be in our parking lot ready to shred any amount of documents you bring. The boxes or bags of your documents will be removed from your back seat or trunk for you. There is no need to get out of your car. Please have all of your files ready to go.

Note: You cannot sort your documents in the parking lot.

Not available on September 27? Drop off your documents - in boxes or bags - at our office starting September 17.

For guidance on documents to save or throw away read our blog post, How Long Should I Keep My Financial Records? or download our infographic.

Thank you.

Rich Pavano, CPA

R&E Costs Deductible Again

A significant tax break has returned for businesses with research and experimental (R&E) expenses. On July 4, 2025, the One Big Beautiful Bill Act (OBBBA) made R&E costs deductible again, reinstating the immediate deduction for U.S.-based R&E costs.

This change reverses the Tax Cuts and Jobs Act (TCJA) rules that required companies to spread these deductions over five years – or 15 years for research performed outside the United States.

Learn More

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