R&D Tax Credits in New England

Can I Claim R&D Tax Credits in Nebraska?

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


The Research and Development Tax Credit (R&D) is a valuable tax credit available to businesses of all sizes that engage in research and development activities in the United States. This credit is not only limited to scientists and research labs, but is applicable to a diverse range of businesses and industries. The R&D tax credit encourages research and development activity within the US. It has become increasingly popular among companies, with more and more taking advantage of this incentive each year. Furthermore, the Protecting Americans from Tax Hikes (PATH) Act of 2015 made the R&D tax credits a permanent feature and extended the benefits to startups.

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

When an eligible company takes advantage of R&D tax credits, it can achieve significant 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 limited to scientists and those creating groundbreaking products. They encompass a wide range of activities and industries. Companies of all sizes, across various sectors, can qualify for these credits. Unfortunately, many companies are unaware of their eligibility, resulting in missed opportunities to claim significant federal and state R&D tax credits. Don't leave money on the table – find out if your company qualifies.

The same activities that qualify for the R&D tax credit are the ones fueling your business's growth.

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

The activities that qualify for the Nebraska 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?

On average, companies can usually secure a federal R&D tax credit worth 7-10% of their qualified expenses. For instance, consider a single software developer, engineer, or lab technician earning an annual W2 income of $100,000; they may realize tax savings of up to $10,000.

Qualified research expenses in your company encompass employee compensation, materials, and contracted services. You can support these expenses with different types of documentation, such as payroll records, financial records demonstrating supply or contract research expenses, and vendor invoices.