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Posts Tagged ‘research and development tax credit’

Use Research and Development Tax Credit to Reduce Taxes

The research and development tax credit was introduced in 1981. It was created to help companies afford the cost of conducting research to develop their products and increase productivity. The tax credit was originally going to expire after five years, but it persists today after being revived 16 times. Small businesses can use this credit to reduce their tax bill by claiming expenses made on employing ...