Circumstances Under Which Taxpayers Benefit from the R&D Tax Credit
The Research & Experimentation Tax Credit or R&D Tax Credit is a general business tax credit under Internal Revenue Code section 41 for companies that incur research and development (R&D) costs in the United States. Companies may claim the R&D credit against tax for certain qualified R&D expenditures, and combine the credit as one of the components of the general business credit.
To discover more, watch our latest presentation which explains the circumstances under which some taxpayers benefit from the R&D tax credit.
Watch below, or alternatively watch on YouTube: https://www.youtube.com/watch?v=nkBf7NBD8ys
Want more like this?
Check out our series so far:
Claiming the Texas R&D Tax Credit through the Franchise Tax Credit