US Treasury to issue guidance for retroactive R&D tax deductions
The US Treasury is about to make it easier for companies to claim past research and development (R&D) expenses, thanks to new guidance tied to Trump's $67 billion 'One Big Beautiful' tax bill enacted in December 2017.
This move clears up confusion around a 15% minimum tax on big corporations, helping firms earning over $1 billion a year fully benefit from R&D deductions without triggering the 15% minimum tax.
Why should you care?
This update is good news for major tech names like Salesforce, Qualcomm, Airbnb, and Broadcom—they can now avoid extra tax headaches or losing credits.
Small businesses also get a break: they can tweak old tax returns or speed up cost write-offs under new IRS rules.
While some groups want even more changes, not everyone in Congress agrees on narrowing these tax rules further.
For anyone interested in business or tech, this is a big shift in how innovation gets supported—and who pays what at tax time.