Connect with us to find out how R&D tax credits can boost your organization’s bottom line.
To get an estimate of the potential value of your unclaimed R&D Tax Credits, try out our credit calculator.
Download our R&D Tax Credit Calculator for Android to see how much you can receive from your qualified R&D tax credit expenses.
Indiana provides a state R&D tax credit of 15% on the first $1 million in incremental qualified research expenses, and 10% on amounts above that, to support business innovation. Contact Strike Tax to maximize your savings.
Eligible activities include research to develop or improve products, processes, or software meeting federal IRC § 41 criteria, such as tech advancements or manufacturing efficiencies conducted in Indiana. Strike Tax can identify qualifying projects.
For $2 million in incremental QREs, you could save $200,000 (15% on first $1M, 10% on next), stackable with federal credits. Use Strike Tax’s R&D Credit Calculator for a personalized estimate.
Credits are non-refundable but can be carried forward for up to 10 years to offset future state income tax liability. Strike Tax can help maximize carryforward benefits.
File Schedule IN-REC with your Indiana income tax return, ensuring QREs align with federal standards. Strike Tax simplifies the filing process.
No major state changes, but federally, immediate Section 174 expensing is restored, and Form 6765 requires enhanced reporting, benefiting Indiana claims aligned with federal rules. Strike Tax can help navigate these updates.