The Payroll Tax Credit is an extension of the R&D Tax Credit that allows qualified small businesses (QSBs) to use their federal R&D tax credits to offset their payroll. Learn more about the Payroll Tax Credit here.
Note: The Tax Credit Calculator is indicative only and for information purposes. It should not be used as a basis for calculations submitted in your tax returns. Contact Strike to know exactly how much you stand to earn from your qualified research expenses.
How to Use the Strike R&D Tax Credit Calculator
Yearly Expenses: Enter the amount spent annually on developing or improving software and products.
These are categorized under Qualified Research Expenditures (QRE) and can be discovered more in detail here in Strike's FAQs.
State: Select the states where your employees reside.
This helps us give a closer estimate of the tax credit you can claim. Different states offer different benefits when it comes to R&D tax credit, and this is separate from the uniform federal R&D Tax Credit.
Industry: Select your primary industry.
Each industry experiences varying levels of research, development, and innovation. These differences are configured within our proprietary calculator.
Download the app.
Download our R&D Tax Credit Calculator for Android to see how much you can receive from your qualified R&D tax credit expenses.