Research & Development Tax Credit
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The recent "Big Beautiful Bill" allows a three-year look-back provision. Deadline to file is July 4, 2026.
research & development tax credit
You've invested in your business, it's time to claim your credit.
The R&D tax credit is available to any U.S. business that spends time and resources on new development, improvements, or technological advancements in effort to improve upon its products or processes. The credit can also be available to American Business owners that have improved upon the performance, functionality, reliability or quality of existing products or trade processes.
encouraging innovation for
Businesses Across the Nation
The R&D tax credit is now available to any U.S. business that spends time and resources on new development, improvements, or technological advancements in effort to improve upon its products or processes. The credit could also be available to American Business owners that have improved upon the performance, functionality, reliability, or quality of existing products or trade processes.
While it cannot be stated that all industries qualify for the R&D Tax Credit, there are no restrictions on the type of industry applicable, granting most businesses the opportunity to qualify.
Do you design or develop new products, processes, or tools?
Do you make existing products better?
Do you make software or improve it by creating add-ons?
What type of R&D activities qualify?
The R&D tax credit may apply to any taxpayer that incurs expenses for performing Qualified Research Activities (QRA) on U.S. soil. The credit is a percentage of qualified research expenses (QRE) above a base amount established by the IRS in a four-part test:
Technological in Nature
Activities must fundamentally rely on the principles of physical or biological science, engineering, or computer science.
Permitted Purpose
Activities must be performed in an attempt to improve the functionality, performance, reliability, or quality of a new or existing business component.
Eliminate Uncertainty
Activities intended to discover information that could eliminate technical uncertainty concerning the development or improvement of a product.
Experimentation
All of the activities must include a process of experimentation including testing, modeling, simulating, systematic trial and error.
What types of expenses might qualify?
W2 wages for any US-based employee involved in R&D activities.
US-based contractors who are performing any of the business' R&D technical work
Supplies and material used throughout the development process
Software and computing expenses attributed to the development process
frequently asked questions
About the R&D Tax Credit
While there are still random audits that occur on tax returns, the IRS won’t issue an audit just for applying for the R&D credit. Working with a Research & Development Tax Credit Specialist wil help ensure the accuracy of claims and maximize value.
"Too often small and medium businesses just simply are not taking advantage of the R&D... 90% of life is just showing up. The same is true with tax. Business owners should learn about the tax incentives available for you. These incentives can help your business succeed and thrive."
- Senator Chuck Grassley, speaking about the R&D tax credit
Hear the full speech.
You could be leaving thousands of dollars behind.
If your company is developing new products, processes, or technologies in the US, you are likely eligible for the R&D Tax Credit.
The R&D credit can help fund innovations, hire new workers, and further your developmental efforts. You don’t need to be profitable to qualify for the R&D credit.
Now is the time to work through the Business Qualification Process and see if you have left some valuable business incentive credits on the table.