R&D Tax Credits in Idaho

Can I Claim R&D Tax Credits in Idaho?

Yes, you can claim R&D tax credits in Idaho. The state offers a research and development tax credit program known as the Credit for Idaho Research Activities.


The Research and Development Tax Credit (R&D) is available to businesses of all sizes in the United States that engage in R&D activities. This tax credit is not limited to scientists and research labs, but can be utilized by various industries and businesses. The R&D tax credit encourages research and development efforts in the US. Its popularity among companies continues to grow year after year. Moreover, the Protecting Americans from Tax Hikes (PATH) Act of 2015 made the R&D tax credits permanent and expanded eligibility to include startups.

What are the Potential Benefits of the R&D Tax Credit?

When a qualifying company utilizes R&D tax credits, it can potentially achieve substantial cost savings. These benefits include:

  • Increasing Cash Flow
  • Federal and State Dollar-for-Dollar Income Tax Reduction
  • Claim Credits for Open Tax Years Going Back 3-4 Years
  • Reducing Your Tax Rate


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Who Can Claim the R&D Tax Credit?

R&D tax credits are not just for scientists or groundbreaking inventions. They apply to a wide range of industries and companies of all sizes. Unfortunately, many companies are unaware that they qualify, resulting in them missing out on valuable federal and state R&D tax credits. Don't leave money on the table – take advantage of these significant tax benefits.

The same activities propelling your business's growth are the ones eligible for the R&D tax credit.

  • Developed new products
  • Improved existing products
  • Developed software for internal or external use
  • Improved manufacturing processes

The activities that qualify for the Idaho R&D tax credit are the same ones driving growth in your business.

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How Do I Claim the R&D Tax Credit?

Companies can potentially claim a federal R&D tax credit, allowing them to save an average of 7-10% of their qualified expenses. For instance, a software developer, engineer, or lab technician earning $100,000 a year could save up to $10,000 in taxes.

To qualify for this tax credit, research-related expenses such as employee compensation, materials, and contracted services are eligible. Supporting documentation, such as payroll records, financial documents, and vendor invoices, can demonstrate these qualified expenses.