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The Pennsylvania R&D tax credit is equal to 10% of the amount by which the taxpayer's qualifying research and development 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, 2023 - December 1, 2023. 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 research and development (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.
Pennsylvania also allows taxpayers to sell or assign their R&D tax credits to a buyer.
Learn more about Pennsylvania R&D Tax Credit law from the Pennsylvania Department of Revenue and with the Research and Development Tax Credit Report.
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.