Industries | R&D

R&D Tax CRedit Metal Fabrication

R&D Tax Credits for the
Metal Fabrication Industry

The metalworking industry, much like its counterparts in other manufacturing sectors, stands in a prime position to qualify for the R&D tax credit. Despite the misconception that daily operations in metal fabrication may not be categorized as research and development, the tax definition of R&D is expansive, encapsulating many of these routine activities.

Aspects such as the development or enhancement of production processes, inclusive of the design and creation of custom tooling, casts, jigs, dies, or production equipment, can potentially qualify for the R&D credit. 

The wages related to time spent on these tasks, along with the materials used to prototype and develop custom tooling, also qualify. Furthermore, even the material costs of tooling and die casts can be considered an R&D expense. This broad interpretation allows for a significant portion of the metalworking industry’s activities to be considered R&D.

Qualified Research Activities
for Metal Fabricators

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Metal Fabrication
Case Study

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Highlights in
the Case Study

Combined Federal and State R&D tax Credit of over $130,000.

With over 40 years of experience in metal fabrication, this company continues to develop metal fatigue and failure mitigation techniques, serving the aerospace, automotive, biomedical, chemical, defense, energy, fitness, nuclear, oil & gas and rail industries.

Take Advantage of the R&D Tax Credit with Source Advisors

The R&D tax credit can help a wide variety of businesses offset and reduce their income tax liability, in addition to providing many other benefits. Our team of experienced CPAs, attorneys, engineers, and technology experts helps companies save money and create cash flow with R&D tax credits that can then help drive overall growth.