Your Guide to 2022 R&D Tax Credits
Shay CPA
FEBRUARY 22, 2023
As we mentioned, if your business brings in less than $5 million in gross receipts and is under five years old, you can apply up to $250,000 of your research credit toward your social security payroll tax liability. As you start to think about your 2022 taxes, factor this potentially major tax credit into the mix.
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