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If your business incurs research and development costs in the US, then you may be able to claim tax credits of up to $250,000 or more.
The IRS conducts a multi-part test to see if you qualify for these credits. Once approved by the IRS, these credits are applied towards your business’s future payroll tax liabilities.
Many kinds of business across multiple industries can qualify for the R&D credit – hard sciences, technology, ecommerce, bio-tech, hardware, and more.