The Tax Cuts and Jobs Act (TCJA) imposed a new limitation on deductions of business interest expense by certain companies. And the limit, found in Section 163(j) of the Internal Revenue Code, became even more restrictive in 2022 — especially for capital-intensive businesses. As a business owner, you should determine whether the deduction limitation applies
Tag: business interest expense
Business Interest Expense Limitations Relaxed by CARES Act
The CARES Act temporarily relaxes the limitation on deductions for business interest expense. Here’s the story.
CARES Act Provisions May Boost Cash Flow for Construction Companies
The CARES Act includes several provisions that can help boost cash flow for construction companies (and other businesses) as well as reduce their tax bills.
What you Need to Know About Business Interest Limits
The Tax Cuts and Jobs Act (TCJA) introduced a variety of tax benefits for businesses. but it placed limits on several tax breaks, including interest expense deductions.