Connect with us to find out how R&D Tax Credits can boost your organization’s performance.
Pennsylvania provides a research and development tax credit equal to 10% of the amount by which the taxpayer's qualified R&D expenses exceed the taxpayer's Pennsylvania base amount. After calculating the credit using PA Form REV-545, the application is submitted electronically using an online application system.
The online R&D application is available from June 1, 2021 - December 1, 2021. The PA Department of Revenue will notify applicants if there is a problem with the application. Users are also advised to periodically check the status of the application online for notifications and action items requiring further information.
In order to submit an application for R&D tax credits, your business must meet the following criteria:
A completed, as-filed, current year Federal Form 6765 must be submitted through the online application system in order for an applicant to be eligible for the Pennsylvania Research and Development Tax Credit.
R&D Tax Credit Available:
C-Corporations, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Application due by 12/01
Data Required to Compute Credit:
Claim Period Qualified Research Expenses (QREs)
What Information is needed?
QREs for Prior 4 Tax Years
Federal Form 6765
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.
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.