Blog and News

Research credit available to some businesses for the first time

Posted Nov 29, 2018

Share Online:



Research credit available to some businesses for the first time





The TCJA didn’t change the research credit, but it has an impact on the credit. Previously, corporations subject to alternative minimum tax (AMT) couldn’t offset the research credit against AMT liability, which erased the credit’s current benefits. By eliminating corporate AMT, the TCJA removed this obstacle. Pass-through businesses can still claim the credit against AMT if their average gross receipts are $50 million or less. And qualifying start-ups without taxable income can still claim the credit against up to $250,000 in payroll taxes. Contact us for details.





Posts You Might Also Like:

2021 Arizona Tax Credits

HBL CPAs shows its support for EMERGE! and their efforts in bringing awareness throughout our community to help end domestic violence.