A man with a beard and a pink bubble with the words let's talk.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
close

Ohio
R&D Tax Credits

Connect with us to find out how R&D tax credits can boost your organization’s bottom line.

go back
This post was last updated on Mar 29, 2024.

Ohio R&D Tax Credit

Discover the benefits of Ohio state credits and see how your business could qualify.

Ohio offers the Research and Development Investment Tax Credit, a nonrefundable credit used to offset the Commercial Activity Tax (CAT). In order to qualify, the taxpaying corporation must invest in QREs, as defined in Section 41 of the Internal Revenue Code. Both in-house expenses, such as wages and supplies, and 3rd-party contract expenses qualify.

The credit equals 7% of the amount of QREs in excess of the taxpayer's average investment in Qualifying Research Expenses over the three preceding taxable years. Any excess credit not used for the taxable year in which it is earned may be carried forward for up to seven years. There is no special application or approval process for this tax credit.

Learn more about Ohio's R&D Tax Credit law from the Ohio Laws and Administrative Rules.

R&D Tax Credit Available:

Yes

Eligible Entities:

C-Corporations, S-Corporations, LLCs, Partnerships

Deadline for Tax Filing:

Due with Ohio Tax Return

Data Required to Compute Credit:

Claim Period Qualified R&D Expenses (QREs)

What Information is needed?

QREs for Prior 3 Years

Credit Carryforward:

7 years

The R&D tax credit equals:

  • The Ohio R&D tax credit equals 7% of Ohio qualified R&D expenses over the average of qualified expenses for the three prior taxable years.

Specific Item to Note:

  • There is no special application or approval process for this tax credit. The credit may be claimed on a tax return.
%
%
%
carry forward for credit usage

Ohio R&D Tax Credit Eligibility Summary:

Is the R&D Tax Credit Available?:
Yes
No
Eligible Entities:
Deadline for Tax Filing:
Data Required to Compute Credit:
What Information is needed?:

Ohio R&D Tax Credit Guidelines:

Ohio R&D Tax Credit Case Study

A Ohio-based company recovered thousands in R&D tax credits to refuel growth.

$

Total state R&D tax credits earned

%

Amount of wages qualified for tax credits

$

Total R&D tax credit earned

Key Ohio R&D Tax Credits R&D Tax Rules Changes

2019' - 22
22' and after
2019' - 22
22' and after

Resources

There are many other considerations and exemptions, including what documentation the IRS requires for the R&D tax credits. Stay updated to navigate the new tax laws with confidence.

Heading

Connect with us to find out how R&D Tax Credits can boost your organization’s performance.

Ready to Maximize Your State Credits?

With just a little info, our Strike Experts can help you start your R&D tax credit journey.

Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
go back

Heading

This is some text inside of a div block.

What’s a Rich Text element?

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Ready to calculate your R&D tax credits?

To get an estimate of the potential value of your unclaimed R&D Tax Credits, try out our credit calculator.

A phone and a tablet displaying a tax calculator.
Download the app.

Download our R&D Tax Credit Calculator for Android to see how much you can receive from your qualified R&D tax credit expenses.

google-pay
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.
A black background with a lightning symbol.
a screenshot of a tax calculatora screenshot of a tax calculator