New ITEP analysis: Six Companies Reaped Record-Setting $83 Billion in Federal Tax Breaks Last Year

As Americans Struggled to Buy Basics, These 6 Companies Got $83 Billion in Tax Breaks Last Year

An analysis reveals six companies got $83 billion in tax breaks under Trump's OBBBA, with tech giants like Microsoft, Alphabet, and Amazon leading the pack.

New ITEP analysis: Six Companies Reaped Record-Setting $83 Billion in Federal Tax Breaks Last Year

Just six companies received $83 billion in federal income tax breaks in 2025, the latest evidence that corporate tax avoidance has been turbocharged by the 2025 Trump/GOP tax law. This is more than 40% of the $204 billion in 2025 corporate tax breaks we have identified so far. Download Microsoft topped the list with a record $18.7 billion in tax breaks, followed by Alphabet ($18.4 billion), Amazon ($17.4 billion), Meta ($13.7 billion), JPMorgan …

Six Tech Giants Got $83B in Tax Breaks; RI Decoupled

A new Institute on Taxation and Economic Policy analysis finds Microsoft, Alphabet, Amazon, Meta, JPMorgan Chase and Nvidia disclosed $83 billion in federal tax benefits for 2025 — more than 40% of all corporate breaks ITEP has identified. Rhode Island decoupled from parts of the 2025 federal tax law after estimating tens of millions in lost state revenue.