The R&D tax credit allows growing businesses to get back up to $500,000* in payroll taxes if you qualify. For startups and scaling teams, this research and development tax credit can play a critical role in extending runway, reinvesting in product development, and preserving cash during key growth phases. Despite its value, many businesses never claim the credit. The rules can feel complex, the documentation requirements intimidating, and recent changes to tax law, such as Section 174, have added even more uncertainty. As a result, companies that clearly qualify often leave significant money on the table.
Pilot's Comprehensive Guide to the R&D Tax Credit explains what you need to know about the credit and how to apply for it so you can start increasing your business’s funding today.
*$500,000 for 2023 tax year, $250,000 for 2022 tax year
