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Only FEDERAL Credits Available

Wyoming R&D Tax Credits

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.

No State
R&D Credit
Federal
Credits Available
Key Highlights
  • Wyoming has no corporate income tax or R&D credit in 2025
  • Leverage the federal R&D tax credit under IRC §41 for qualified activities, available to all Wyoming businesses
  • Explore Wyoming Business Council programs such as grants, loans, and project support for innovation and economic development. Some Wyoming counties may offer local property tax abatements or reductions for qualifying economic development projects. Eligibility and benefits vary by locality.
  • Federal R&D credits can offset payroll taxes for startups with gross receipts under $5 million
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Key Highlights

Eligible Entities
  • C Corporation May claim both the regular and basic research credit
  • S Corporation Limited entity-level use; can pass credits to shareholders
  • Partnerships / LLCs Credits pass through to owners via Schedule K-1
Qualified Research Expenses (QREs)
Frequent Asked Questions

Does Wyoming offer an R&D tax credit for businesses?

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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.

What qualifies as R&D activity for the federal credit in Wyoming?

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Eligible activities include developing software or energy solutions with technical uncertainty, meeting IRS criteria. Strike Tax confirms eligibility.

How much can my business save with federal R&D credits in Wyoming?

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Savings can reach 20% of QREs above a base amount. Use Strike Tax’s R&D Credit Calculator for estimates.

Can startups in Wyoming claim federal R&D tax credits?

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Yes, startups with less than $5 million in gross receipts can offset payroll taxes. Strike Tax supports startup claims.

How do I document R&D expenses for a federal credit in Wyoming?

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Document QREs with project plans, time logs, and expense records. Strike Tax ensures audit-ready documentation.

What is the process to claim federal R&D credits in Wyoming?

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File IRS Form 6765 with your federal tax return, meeting IRS standards. Strike Tax simplifies the process.

Which industries benefit most in Wyoming?

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Energy, tech, and agriculture industries often qualify due to innovative research. Strike Tax assesses eligibility.

How does Strike Tax help Wyoming businesses?

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Strike Tax maximizes federal credits, ensures compliance, and provides expert support for Wyoming businesses.

Next Steps

Estimate Credits
Estimate Credits

Use our calculator to estimate your potential federal and state benefits.

Estimate your Credits
Speak to Expert
Speak to Expert

Schedule a consultation to discuss your federal R&D credit opportunities.

Book a Consultation