The 2025 R&D Tax Credit now qualifies more businesses beyond tech, with 14-20% of R&D expenses eligible for dollar-for-dollar tax reduction. Even without a formal R&D department, systematic ...

The R&D tax credit is a 20% credit for incremental expenses incurred in domestic research and development activities. This credit benefits various businesses, but the vast majority of R&D claims at ...

In July, the IRS wrapped up its annual Dirty Dozen scams list, designed to warn taxpayers against abusive tax promotions. One practice mentioned is the improper claiming of business credits, ...

Boilers are indispensable to much of the American economy, ranging in application from electricity generation to food processing, to the manufacturing of paper goods. Boiler manufacturers need a way ...

A few years ago, federal research and development (R&D) tax incentives were slashed, causing a growing number of American companies — both established corporations and high-growth startups — to ...

Signed into law on Aug. 16, 2022, the Inflation Reduction Act, P.L. 117- 169, included a package of tax credits intended to encourage investment in domestic energy and innovation. The Inflation ...

To continue reading this content, please enable JavaScript in your browser settings and refresh this page. The oil and gas industry is no stranger to innovation, and ...

We are 90% funded by individual contributions. That means you create the reader-powered journalism that cuts through the noise, and delivers the trusted information Connecticut cares about.

The IRS extended for another year, until Jan. 10, 2024, the transition period during which it will allow taxpayers 45 days to perfect a refund claim involving a Sec. 41 research and development (R&D) ...

The expanded 2025 R&D Tax Credit guidelines now include more businesses across industries beyond traditional tech companies. Qualifying businesses can receive 14-20% of their R&D expenses as ...