Corporations are expected to claim $16 billion in new tax breaks this year for purchases they had already made and put into usebefore the July passage of the Republican tax law, according to an analysis from the Joint Committee on Taxation.

The GOP tax law, the One Big Beautiful Bill Act, restored a provision that allows companies to write off the full expense of some new investments - including technology, equipment and facilities - in the first year of use. That had been allowed under President Donald Trump’s 2017 tax law, but the provision was phasing out over the last few years and was scheduled to end in 2026.

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