About the Credit: The credit is 6.5% of the  of the difference between the QRE’s for the year and the average of the actual expenditures made during the year and the two tax years prior. The Kansas R&D credit uses the same definition of QRE’s as the federal R&D credit.

Notes: The credit used in any one year is limited to 25% of the credit plus any carry forward. To claim the Kansas R&D credit, a Schedule K-53 must be completed and submitted with the income tax return.

Swanson Reed is one of the only companies in the United States to exclusively focus on R&D tax credit preparation. Swanson Reed’s office location at 12641 Antioch Road, Overland Park, Kansas provides R&D tax credit consulting and advisory services to Wichita, Overland Park, Kansas City, Olathe, Topeka, Lawrence, Shawnee, Manhattan, Lenexa and Salina.

If you have any questions or need further assistance, please call or email our local Kansas Partner on (913) 232-2276.
Feel free to book a quick teleconference with one of our Kansas R&D tax credit specialists at a time that is convenient for you. Click here for more information about R&D tax credit management and implementation.