Research and Development (R & D) Tax Credits

Research and development (R & D) tax credits are available for qualified research. “Qualified research” costs are those that qualify as section 174 expenses. 

If your organization conducts research looking for technological discoveries to develop new business components or improve existing ones, your firm may qualify for R & D credits.

To qualify for R & D tax credits, the bulk of your research activities must be experimentation into new or improved reliability, function, quality, or performance.

R & D tax credits are not limited to any particular industries or types of businesses.

Does your company conduct experiments to improve or create new products, processes, or software? If yes, you may qualify for dollar-for-dollar R & D tax credits in addition to deducting your R & D expenses.

Contact us today to talk with a federally licensed tax credit specialist to get answers to your questions and discover how you or your clients may benefit from R & D tax credits.