OMA Connections Partner Clark Schaefer Hackett reports that the federal Inflation Reduction Act law doubles the amount a business can potentially claim as an R&D tax credit to offset its payroll tax for tax years starting after 2022 — to a maximum of $2.5 million over five years. Qualified businesses can leverage the R&D tax benefit even if they have little to no income tax liability. 10/25/2022
New Law Expands R&D Payroll Tax Credit
10/28/2022