Boost Your Startup with the Revamped R&D Tax Credit: What You Need to Know
Shay CPA
OCTOBER 18, 2023
The maximum credit limit that can be applied against payroll taxes has been increased from $250,000 to a whopping $500,000 for tax years starting after December 31, 2022. The Basics The R&D Tax Credit, or IRC 41, offers taxpayers a credit against income tax for qualified research expenses (QREs).
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