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Montana does not offer a state-specific R&D tax credit, but businesses can claim the federal R&D tax credit for qualified research expenses incurred in Montana. Contact Strike Tax to maximize your savings.
Qualifying activities must be technological, aimed at developing or improving a business component, eliminate uncertainty, and involve experimentation. Examples include product innovation or process improvements in industries like agriculture or energy. Strike Tax can identify qualifying projects.
Yes, startups can claim the federal R&D credit, including a payroll tax offset of up to $500,000 annually for up to five years if gross receipts are under $5 million and no receipts for more than five years. Strike Tax can guide eligibility.
Maintain contemporaneous records such as project descriptions, time tracking, wage allocations, supply costs, and contract research agreements. For 2025, Form 6765 requires detailed business component information in Section G for claims over certain thresholds. Strike Tax ensures audit-ready documentation.
Attach Form 6765 to your federal tax return. In Montana, report the federal credit on your state return if it impacts state taxes. Strike Tax streamlines the process.
No state-specific changes, but business equipment exemption up to $1 million; federally, the OBBB Act restores immediate expensing for U.S. R&D under Section 174. Strike Tax can help navigate these updates.
