If a corporation has accumulated minimum tax credits from tax years prior to 2018, 100 percent of such credits are refundable on either their 2018 or 2019 tax return.

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The Tax Cuts and Jobs Act of 2017 made changes to the treatment of minimum tax credits for corporations. Prior to 2018, these credits could only be used to offset regular tax liabilities and were not refundable. However, for tax years beginning after December 31, 2017, corporations can claim a refund of 100 percent of any remaining minimum tax credits on either their 2018 or 2019 tax return.

If a Corporation Has Accumulated Minimum Tax Credits from Tax