Many civil engineering projects qualify for the Research and Development (R&D) Tax Credit. Engineering design activities related to bridges, water, and wastewater treatment facilities, road design, site development, and other infrastructure projects have qualified research expenses (QREs) that can be used to offset tax liability through the R&D Tax Credit.
Employee wages, raw materials and supplies, and third-party contractor costs associated with R&D activities are considered QREs. Companies can receive refunds of up to 22% of total QREs through federal and state tax credits, depending on the state in which your business operates.
Examples of qualifying activities:
Do you have these job titles on your payroll, or do you hire third-party contractors to do these jobs?
Use our R&D Tax Calculator to estimate your potential benefit, and partner with Strike to claim your tax benefits with no up-front costs. Contact one of our experts today.
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Schedule a MeetingBenefits for the R&D Tax Credit vary from state to state. Get an accurate estimate of your potential state tax credit!