R&D Tax Credits in Ohio

Can I Claim R&D Tax Credits in Ohio?

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


The Research and Development Tax Credit (R&D) is a tax credit available to businesses of all sizes that engage in R&D within the United States. This credit is not limited to scientists and research labs; it can be utilized by a variety of businesses and industries. The R&D tax credit was established to encourage research and development conducted within the United States. Year after year, an increasing number of companies are utilizing this tax credit. Furthermore, the 2015 Protecting Americans from Tax Hikes (PATH) Act not only made the R&D tax credits permanent but also expanded its benefits to startups.

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

Companies that qualify can save a substantial amount of money by using R&D tax credits. 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


In credits claimed
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Who Can Claim the R&D Tax Credit?

Misconceptions about R&D tax credits are widespread. It's commonly believed that these credits only benefit scientific researchers or those involved in groundbreaking product development. However, this is far from the truth. R&D credits are actually available to companies of all sizes and in various industries.

Despite the wide eligibility, many companies are unaware of their qualification for Research and Development (R&D) Tax Credits. Consequently, they are missing out on substantial financial opportunities provided by federal and state R&D tax credits. Don't leave money on the table. Find out if your company qualifies for these valuable tax credits today.

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

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

The activities that qualify for the Ohio 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 receive a federal R&D tax credit equivalent to 7-10% of their eligible expenses. Take, for instance, a software developer, engineer, or lab technician earning $100,000 annually, who may save up to $10,000 in taxes.

Qualifying research expenses in your company usually comprise employee compensation, materials, and contracted services. Documentation needed to substantiate these expenses can include payroll records, financial records displaying supply or contract research expenses, and vendor invoices.