Wyoming has no income tax or standalone state Research & Development (R&D) Tax Credit in 2025. Businesses can pursue the federal R&D credit under IRC §41 for qualified activities performed in the state, along with alternative incentives like Wyoming Business Council programs.
Wyoming does not offer a state R&D credit, but businesses can claim federal R&D credits for research in Wyoming. Strike Tax maximizes federal benefits.
Eligible activities include developing software or energy solutions with technical uncertainty, meeting IRS criteria. Strike Tax confirms eligibility.
Savings can reach 20% of QREs above a base amount. Use Strike Tax’s R&D Credit Calculator for estimates.
Yes, startups with less than $5 million in gross receipts can offset payroll taxes. Strike Tax supports startup claims.
Document QREs with project plans, time logs, and expense records. Strike Tax ensures audit-ready documentation.
File IRS Form 6765 with your federal tax return, meeting IRS standards. Strike Tax simplifies the process.
Energy, tech, and agriculture industries often qualify due to innovative research. Strike Tax assesses eligibility.
Strike Tax maximizes federal credits, ensures compliance, and provides expert support for Wyoming businesses.