Are R&D Tax Credits Refundable or Recoverable?
The R&D Tax Credit is not refundable; however, unused credits can still provide a cash windfall. A commonly asked question:
Rachel Bishop, CPA
January 21, 2021
The R&D Tax Credit is not refundable; however, unused credits can still provide a cash windfall. A commonly asked question:
Qualifying expenditures for the R&D tax credit include salary and wages, supply costs, computer rental or lease, and contractor costs.
The Tax Cuts and Jobs Act that was recently passed by Congress raised a lot of concerns and questions about