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Federal Tax Solutions

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Benefit for Manufacturers: R&D Tax Credit

The benefit can vary based on a company’s fact pattern, but as a rule of thumb, a company with $500,000 of qualified R&D costs can see a credit benefit of $25,000 to $35,000. Many states also offer an R&D credit which can double the benefit and can be refundable in certain states. Thus, the total credits may exceed $70,000.