1 Year Tax Savings: $75,871 (Federal and State)
Through the course of an R&D tax credit evaluation, this software developer in Florida found $1,283,163 in total qualified research expenditures. They successfully claimed research and development tax credits, which saved them $75,871 on federal and state taxes.
Study Highlights | |
Wages | $1,164,055 |
Supplies | $0 |
Rental or lease of computers | $40,680 |
Contract Research | $78,428 |
Total Qualified Research Expenditures | $1,283,163 |