Connect with us to find out how R&D Tax Credits can boost your organization’s performance.
The state of Wisconsin offers a Research Credit, modeled after IRC § 41, that equals 5.75% of the excess qualified R&D expenditures ("QREs") over the base amount (50% of the prior 3 year's QREs). Since the R&D credit is a comparative credit that uses the prior three years QREs to calculate the base, if a company does not have at least 3 previous years of expenditures, the credit then equals 2.875% of the excess QREs over the base amount.
Wisconsin also offers more lucrative R&D credits for activities related to internal combustion engines and certain energy efficient products. These credits equal 11.5% of the excess QREs over the base amount. The higher percentages apply to the following qualified industries:
Learn more about Wisconsin's R&D Tax Credit here.
R&D Tax Credit Available:
C-Corporations, S-Corporations, LLCs, Partnerships
Deadline for Tax Filing:
Due with Wisconsin Tax Return
Data Required to Compute Credit:
Claim Period Wisconsin Qualified R&D Expenses (QREs)
What Information is Needed?
Wisconsin QREs for Prior 3 Years
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.