R&D Tax Credit Calculator
Estimate your Federal and State R&D Tax Credit with our FREE Tax Credit Calculator.
Note: The results from our R&D Tax Credit Calculator are only estimated figures and actual numbers will vary depending on the specific circumstances of the business. If you would like a detailed analysis of the potential benefits or have any questions about specific to your line of business, please contact our experienced experts.
Qualified R&D Industries
Some of the common industries that qualify for the R&D tax credit include, but are not limited to:
Qualified R&D Activities
If your company is involved in any of the following activities, you may be eligible to claim the credit:
- Developing an innovative product that is new to the market
- Engineering and designing a new product
- Research aimed at discovering new knowledge
- Searching for ways to apply new research findings
- Designing product alternatives, evaluating product alternatives
- Significant modifications to the concept or design of a product
- Designing, constructing, and testing pre-production prototypes and models
- Engineering activity to advance the product’s design
- Systems processing modeling, system and functional requirements analysis, integration analysis
- Experimenting with new technologies, new material and integrating the material to improve manufactured products
- Engineering to evaluate new or improved specification/modifications in terms of performance, reliability, quality, and durability
- Developing new production processes during prototyping and pre-production phases
- Research aimed to significantly cut a product’s time-to-market, aimed to obtain more efficient designs
- Developing and modifying research methods, formulations, products
- Paying outside consultants, contractors to do any of the above activities