What is the R&D Tax Credit?
The R&D tax credit is a dollar-for-dollar reduction of corporate or individual tax liability for simply doing what you do to serve your clients and stay ahead of the competition.
How much is the credit?
The R&D tax credit is a 20 percent credit on qualified research expenditure that exceed a base amount. State credits are typically less than the federal amount, but can still be significant.
Companies who engage in any of the following activities may qualify for the R&D tax credit: