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What is the Research & Development
tax credit?
The Research and Development tax credit, (aka, r&d tax credit, credit r&d, r and d tax credit, r d tax credit, etc.) is a federal benefit that rewards companies for investing in innovative advancements of products, processes, formulas, or software.
New or Improved
The taxpayer develops new or improved products, processes, or software.
Uncertainty
There was a level of technical uncertainty in the project design, process, or outcome.
Experimentation
Includes a process of systematic experimentation to resolve the uncertainty.
Technological
The project was technological in nature relying on physics, biology, engineering, chemistry, or computer science.