More Tax Credits In addition to the federal business tax credits listed here, there are many other types of tax credits available to businesses, e.g. investment credit and alternative motor vehicle credit. Although we focus on the five tax credits listed here, we will consider the complete list of business tax credits when performing our analysis. For a complete list of available business tax credits, click here. |
Federal Tax CreditsMany federal tax credits are available to businesses located in designated areas throughout the country and to businesses that hire from targeted groups. Our federal tax credit services include: Empowerment Zone Employment CreditUp to $3,000 in credits per existing or new employee working and living in designated Empowerment Zone. Research and Development (R&D) CreditCompanies engaged in developing new or improved products or processes, or making significant investments in the development of internal-use software may be able to benefit from the research and development incentive credit. Renewal Community Employment CreditUp to $1,500 in credits per employee for businesses that hire employee working and living in the Renewal Community. Work Opportunity Tax CreditUp to $9,000 in credits per employee over a two year period for businesses that hire employees receiving certain government assistance benefits. Native American Employment CreditUp to $4,000 in credits for businesses that hire members of an Indian tribe who live and work on or near an Indian Reservation. Please complete the Request for Services form for a free preliminary analysis of whether your business qualifies for a special tax credit.
|
