Updated CRS Report Details Small Business Tax Benefits

Updated CRS Report Details Small Business Tax Benefits

Congressional Research Service

Federal tax benefits for small businesses range from credits for small businesses that start 401(k) or retirement plans, expensing allowance for machinery and equipment, and exemption from the limitation on deduction for business interest expenses, an updated Congressional Research Service report said. 

Federal tax benefits for small businesses range from credits for small businesses that start 401(k) or retirement plans, expensing allowance for machinery and equipment, and exemption from the limitation on deduction for business interest expenses, an updated Congressional Research Service report said.

Federal tax benefits for small businesses range from credits for small businesses that start <a href="/research/federal/usc26/401#cpmb-0000284" resolve="/lr/resolve/section-401k/cpmb#cpmb-0000284" title="section 401(k)">401(k)</a> or retirement plans, expensing allowance for machinery and equipment, and exemption from the limitation on deduction for business interest expenses, the Congressional Research Service said in an updated November 10 report.

Federal tax benefits for small businesses range from credits for small businesses that start 401(k) or retirement plans, expensing allowance for machinery and equipment, and exemption from the limitation on deduction for business interest expenses, the Congressional Research Service said in an updated November 10 report. 