tax_credit
US Internal Revenue Service
US Research & Development Tax Credit
Federal tax credit equal to ~6-14% of qualified R&D expenses (wages, supplies, contract research). Eligible startups can apply up to $500,000 against payroll taxes. Highly underutilized by founders.
Eligibility
US businesses conducting qualified R&D activities. Startups with <$5M revenue and <5 years can apply credit against payroll tax.
- US business
- R&D activities
- Documented expenses
Application requirements
- 1IRS Form 6765
- 2Activity documentation
- 3Expense records
- 4Tax advisor recommended
