Connect with us to find out how R&D Tax Credits can boost your organization’s performance.
Research and development (R&D) tax credits are a valuable benefit for companies conducting qualified R&D activities in Georgia. Any business - from start-ups to existing companies embarking on R&D for the first time, or established companies expanding their existing R&D budget - can be eligible for Georgia R&D tax credits.
R&D tax credits are available to any company that increases its qualified research expenditures, and credit earned 10% of the increase in R&D spending compared to the base amount. The credit can be used to offset up to 50% of net Georgia income tax liability, after all other credits have been applied.
Any unused R&D tax credits can be carried forward for up to 10 years. In addition, excess R&D tax credits can be used against state payroll withholding.
Learn more about Georgia's R&D Tax Credit law here and here.
R&D Tax Credit Available:
Yes
Eligible Entities:
C-Corporation, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Georgia Tax Return
Data Required to Compute Credit:
Claim Period Georgia Qualified R&D Expenses (QREs)
What Information is needed?
Claim Period Georgia Gross Receipts
Credit Carryforward:
10 Years
To get an estimate of the potential value of your unclaimed R&D Tax Credits, try out our credit calculator.
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Download our R&D Tax Credit Calculator for Android to see how much you can receive from your qualified R&D tax credit expenses.
We were hoping you’d say that. The fundamental truth is that we perform better when we have efficiency and effectiveness in mind.
Minimizing your tax liability only increases your organization’s value and performance, while providing greater opportunity for every dollar.
