What’s the R&D Tax Credit Worth to Your Business?

12/21/2022

For most companies, the R&D tax credit is worth 7-10% of qualified research expenses. OMA Connections Partner Clarus R+D offers this R&D tax credit calculator, which members can use to see if they qualify for the credit — and to estimate their potential benefit. Meanwhile, the National Association of Manufacturers has released new analysis revealing that if the federal tax code’s R&D amortization requirement — which took effect this year — is not reversed immediately, the U.S. economy will lose 263,382 jobs and experience an $82.39 billion hit to GDP in 2023. 12/20/2022

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