Meta labeled AI data centers 'experimental' to cut $6 billion from its tax bill
Meta classified some AI data centers as 'pilot models' to claim research tax credits on AI chips, saving $2 billion in 2024 and $3.9 billion in 2025, according to the New York Times. Auditor EY approved the approach, while Meta's reserve for potential IRS challenges rose 45% to $18.74 billion.
- Tax savings: $2 billion in 2024 and $3.9 billion in 2025
- AI data centers labeled 'pilot models' with separately tracked chips
- Reserve for tax disputes up 45% to $18.74 billion
- Meta is the largest claimant, about 10% of $32.1 billion in credits
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