R&D Tax Credit Calculator (2025)
See how much your company could save through Research & Development tax credits. Get an instant estimate of your eligible credit based on your annual R&D spend.
R&D Tax Credit Estimator
Enter your qualified research expenses to estimate your potential tax credits
Include wages, supplies, and contract research
Understanding the R&D Tax Credit Program
Learn how R&D tax credits work and how to maximize your claim
What Is the R&D Tax Credit?
The R&D Tax Credit rewards companies for developing new products, processes, or software. Businesses can claim up to 10–20% of qualified R&D expenses as a tax credit.
Key Benefits:
- Direct reduction of tax liability (not just a deduction)
- Available to businesses of all sizes
- Can be carried forward 20 years
- Some states offer additional credits
- Startups can offset payroll taxes
State-Level R&D Programs
Additional credits available by state (2025 rates)
| State | Max Credit % | Notes |
|---|---|---|
| California | 15.0% | One of the largest state credits |
| Texas | 5.0% | Additional incentive for R&D centers |
| New York | 9.0% | Based on incremental spending |
| Florida | 10.0% | For corporate R&D only |
| Massachusetts | 10.0% | Strong tech sector support |
| Washington | 4.0% | Growing innovation hub |
| Illinois | 6.3% | Manufacturing focus |
| Pennsylvania | 10.0% | Broad eligibility |
| Ohio | 7.0% | Industrial R&D emphasis |
| Colorado | 8.0% | Software and biotech friendly |
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