The Proactive Solutions Blog

New tax benefits available when claiming the research and development credit

Posted by James F. Weber on 03.10.16

If you conduct qualified research activities, you may be eligible to claim a federal income tax credit known as the “research and development” credit. This credit is now permanent and may benefit you when you design, develop, and improve business products or processes. Beginning in 2016, the research and development credit can be applied against your alternative minimum tax liability. In some cases, the credit may also be applied against up to $250,000 of payroll taxes.

Need help researching the R&D tax credit? Contact Jim Weber at 419-885-8338; we would be happy to help!

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