Research and Development Tax Credit

The R&D Tax Credit, first enacted in 1981, has been one of the most valuable credits leveraged by companies. Every year, the R&D credit yields billions of dollars in federal and state benefits to companies engaged in qualifying research. Thousands of companies take advantage of the credit across several industries. Some of the common industries that qualify for the R&D tax credit include, but are not limited to:

  • Manufacturing & Fabrication
  • Software Development
  • Engineering
  • Architecture
  • Pharmaceutical
  • Machining
  • Aerospace & Defense
  • Food Science
  • Tool & Die Casting
  • Foundries
  • Automobile
  • Chemical & Formula