1st Year Tax Savings: $211,969 (Federal Only)
Claiming a federal research and development tax credit saved this architect in New York $211,969 on their first-year taxes. Engineered Tax Services helped them uncover $4,141,331 in total qualified research expenditures, making them eligible for the credit.
| Study Highlights | ||
|---|---|---|
| Wages | $3,734,124 | |
| Supplies | $0 | |
| Contract Research | $407,207 | |
| Total Qualified Research Expenditures | $4,141,331 |
