Research & Development Tax Credit

The Research & Development (R&D) Tax Credit is a government incentive designed to encourage businesses to invest in innovative projects. It allows companies to reduce their tax liability based on eligible expenses related to research and development activities, such as developing new products or improving existing ones. By providing financial relief, this credit aims to stimulate technological advancements and economic growth. Essentially, it rewards businesses for their efforts to create new solutions, benefiting both the company and society as a whole.