1 Year Tax Savings: $342,087 (Federal Only)
Claiming the R&D tax credit saved this software developer in Illinois $342,087 on their federal taxes. Engineered Tax Services assisted them in uncovering $5,482,954 of total qualified research expenditures, most of which was spent on wages and contract research.
| Study Highlights | |
| Wages | $4,311,556 |
| Supplies | $0 |
| Rental or lease of computers | $21,909 |
| Contract Research | $1,149,489 |
| Total Qualified Research Expenditures | $5,482,954 |
