TEXAS R&D TAX CREDIT ADVISORS
State Credit Name: Texas Research and Development Tax Credit
Expiration Date: December 31, 2026
Who Can Apply? Corporations and flow-through entities
Credit Carry Forward: Unused Texas R&D credit can be carried forward 20 years.
About the Credit: Starting with tax returns filed after January 1, 2014, Texas taxpayers can claim the Texas R&D state credit to offset a portion of their franchise tax or use it towards sales and use tax exemption on the purchase or lease of depreciable, tangible property used in qualified research in Texas. Our experts can assist you with everything from Austin federal credit to Houston, Dallas and everywhere between in the Lone Star State. The credit rates for the Franchise Tax Credit are the following in the state of Texas:
- 2.5% for companies who have less than 3 years of QRE’s and did not work through a university.
- 3.125% for companies who have less than 3 years of QRE’s, but did work through a university.
- 5% for companies who have 3 years of QRE’s, but did not work through a university.
- 6.125% for companies who have 3 years of QRE’s and did work through a university.
Notes: The allowable Franchise Tax Credit in any one period, including carry forward amounts, cannot surpass 50% of the franchise tax liability for that period.
Click here to find out if you qualify for the federal research credit.
Texas State Incentives
Did you know that Federal R&D tax credits were reinstated in June of 2013? Texas research and development tax credit options are locked until 2026. For this, and other relevant information regarding Texas R&D credit, we encourage you to watch the video on the right. If you need more information or have any questions at all, we look forward to your call. Contact us at our Austin location at (512) 333-2076, our Dallas location at (469) 522-3369 or our Houston location at (281)-899-0056.
R&D Tax Credit Training for TX CPAs
R&D Tax Credit Training for TX CFPs
R&D Tax Credit Training for TX SMBs
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Contact your local Swanson Reed office to speak with a representative in your area today.
Travel Bug2022-09-03I approached 3 different R&D tax consulting firms for quotes and not only was Swanson Reed the most responsive, they were the best priced and performed the most services in the quickest amount of time. I was skeptical at first but just got my final pack and am stoked it was all true. Would give 6 stars if could.
Daniel McGregor2022-08-11I have been using Swanson Reed for my clients for more than a decade. Having a specialist firm that can provide practical and commercial advice that produces real outcomes is very important and we have received great feedback from our clients. Highly recommended.
John2022-06-15Damian and the rest of the team at Swanson Reed have been supporting us for several years. We always appreciate their insights, expertise, and efforts.
Rueben Rajasingam2022-06-06Experienced responsive Team. They have been a great help to me and my company navigate the R&D tax claim process and have provided invaluable advice.
Enrique Esquivel2022-06-06Damian and the team at Swanson Reed have been extremely helpfully and professional during all of our consultations. Highly recommended.
Jess at Y&C2022-06-03
Anatole Kononewsky2022-06-02The Swanson Reed team have provided our company with exceptional professional advice and assistance for all of our R&D claims for many years - have always achieved great results with excellent value for their services.
Payam Toloo2022-06-02Damian Smyth and his team are very helpful, supportive and experts in their field of R&D Tax claims. I'm always happy with the work they do and been a customer of their for over 5 years.
Melissa Doddy2022-05-31The Team at Swanson Reed are very experienced R&D Tax Advisors and gave us ongoing support with all of our R&D Claims, the consultants ensured we were always working with current legislative guidelines, gave us assistance with compiling technical and government documentation and went out their way to ensure they were with us for the entire process from beginning to end. Highly recommended to anyone who needs assistance with working through what can at times be a daunting process.
Gary Watson2022-05-31We can highly recommend Swanson and Reed as an R & D accountant. We have worked with them for several years now as they make our R & D claim so easy and communicate quickly with both us and our accountant.
