The R&D Tax Credit

As an incentive to engage in research and development, the IRS permits businesses to deduct all R&D expenses in a single year instead of amortizing as a capital expense. Your small business may be eligible for congressionally mandated ​Tax-Credits & Incentives​ ​that you probably don’t even know exist. The Feds and the State may be holding on to a pile of your money.

Congress enacted the Research and Development Tax Credit in 1981 and, according to IRS data, has since been expanded and made permanent. It was designed to help American business be more competitive & keep jobs in their local communities. They reward companies who innovate, expand their business & develop or improve existing products or services. Over 40 States also offer Credits and Incentives at the State level.