R&D Tax Credit Calculator
Estimate how much your business could save on qualified R&D expenditures. Free, instant results.
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.
Industry: Select your primary industry.
Each industry experiences varying levels of research, development, and innovation. These differences are configured within our proprietary calculator.
Frequently Asked Questions
Enter your annual R&D expenses for each tax year, select the states where your employees work, and choose your industry. The calculator uses these inputs to estimate your potential federal and state R&D tax credits.
The calculator provides an indicative estimate for informational purposes only. Actual credit amounts depend on detailed analysis of your qualified research expenditures. Contact Strike for an exact calculation.
Include wages for employees involved in R&D, supplies used in research, cloud computing costs for development, and contract research expenses. These are categorized as Qualified Research Expenditures (QREs).
Work with Strike Tax Advisory
Schedule a free consultation to find out what your R&D investments are worth.