United States: The One Big Beautiful Bill Act (OBBBA) changes the capitalized interest rules under section 163(j)
The One Big Beautiful Bill Act makes three major changes to the interest deduction limitation provision of §163(j). Pub. L. No. 119-21, §70303, §70341 (July 4, 2025), applicable to taxable years beginning after December 31, 2024. This article reviews the …




