R&D Tax Credit Calculator
How much money did you spend last year on the development of your innovative product or process?
|SALARIES of US based employees:|
|COST of 3rd party US based contractors:|
|COST of disposable supplies used during the process:|
How much is an R&D Tax Credit typically worth?
For most companies, the credit is worth 7-10% of qualified research expenses on the federal level. Your state may also provide an additional tax credit which increases your overall benefit.
Which expenses qualify towards the R&D Tax Credit calculation?
US based wages, third party contractors and supplies that were incurred in the development process are eligible for inclusion in the calculation to determine a company’s R&D benefit.
What types of activities qualify for the R&D Tax Credit?
If your business is spending money to create a new product or process or improve upon an existing product or process, then you will likely qualify for an R&D Tax Credit.