How Much Business Interest Expense can you Deduct?

Business Interest Expense Image

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

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.