Since its establishment in 1981, the R&D Tax Credit has benefited the manufacturing industry. Manufacturers across a wide range of sectors—including consumer goods, electronics, furniture, automotive products, medical devices, pharmaceuticals, heavy machinery, tool and die, and even food products—have leveraged this credit to support innovation and growth within the United States.
Examples of Qualified R&D Research Activities for Manufacturers
A very wide range of industries complete manufacturing activities, so the list below is not meant to be comprehensive, but rather to show a range of activities within a few areas that would qualify for the R&D tax credit. If your company is in the manufacturing industry and is developing, testing, or improving products or processes, it is likely you may have a qualified activity.
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Ready to see if your business qualifies? Schedule a consultation with our team to explore your potential R&D Credit benefits. We’ll guide you through the process and make it easy to take advantage of this powerful tax incentive.
Elizabeth Hope
Elizabeth is a Supervisor in our tax department. With over six years of experience, she enjoys the opportunity to dig into unique strategies to help our clients minimize tax liabilities.
