Credits to Incentivize Qualified Activity
Many states offer R&D tax credits that can lower a business’s state tax liability and provide significant financial benefits, depending on your business’s location and qualifying activities.
State R&D tax credits are designed to encourage local innovation by reducing your state tax burden. Like the federal R&D credit, these incentives reward businesses that engage in qualified research activities such as developing or improving products, processes, or software.
State Specific Requirements
Each state has its own unique set of rules, credit rates, and qualification criteria. Some states align closely with the federal definition of qualified research, while others apply their own standards or offer refundable or transferable credits that can be especially valuable to smaller or early-stage companies.
We analyze all relevant state credit programs in every jurisdiction where your business is registered and operating, ensuring that you capture every potential benefit available to you. Certain states such as California, Texas, and Massachusetts are known for offering particularly favorable R&D tax credits, and we’ll help you understand how these opportunities may apply to your business.
Maximizing State R&D Benefits
With expertise across multiple jurisdictions, our team identifies R&D credit opportunities unique to your location and industry to maximize savings while ensuring full compliance.
- We do all the heavy lifting – in-person site visits, reports, & lifetime audit support
- We build personal relationships—every client matters
- We deliver premium and defensible reports with IRS-preferred best practices
- We ensure a seamless experience with timely, accurate results
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Contact us today to find out how we can capture extraordinary tax benefits for all types of entities.