Washington R&D Tax Credit Overview for Businesses

Washington and the Research and Development (R&D) Tax Credit

Washington does not offer a state-specific Research and Development (R&D) tax credit, meaning businesses operating within the state cannot claim a credit against state taxes for qualifying R&D activities. However, Washington is home to a diverse range of industries, including technology, aerospace, clean energy, biotechnology, and agriculture, all of which frequently engage in innovative practices and technological advancements. Despite the absence of a state R&D credit, businesses in these sectors may still be eligible to claim the federal R&D tax credit, which provides a valuable incentive for companies investing in research and development.

The federal credit can help offset costs associated with developing new products, processes, or technologies, making it an essential resource for Washington-based businesses driving innovation and growth in their respective fields.

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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 Columbia Tower, 701 5th Ave, Seattle, Washington provides R&D tax credit consulting and advisory services to Seattle, Spokane, Tacoma, Vancouver, Bellevue, Kent, Everett, Renton, Federal Way and Yakima.

If you have any questions or need further assistance, please call or email our local Washington Partner on (206) 558-3300.
Feel free to book a quick teleconference with one of our Washington 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.

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