Permanent R&D Credit Signed Into Law As Part of Passage of Tax Extenders

Posted by Jeffrey Feingold on 12.19.15

We are pleased to announce that the President has signed into law the tax extenders Bill that applies to over 50 expiring tax provisions, which includes a Permanent R&D Credit. This new Bill provides the following benefits to your clients for both R&D Tax Credits and 179D Energy Tax Deductions:

For Research and Development Tax Credit:

  • Made a permanent tax incentive.
  • Includes an AMT "relief" or offset provision for small business (under $50 million in gross receipts) starting in 2016, which has been a barrier to many businesses being able to take advantage of this credit in prior years.
  • Allows a payroll tax offset for start-ups businesses (under $5 million in gross receipts), where these companies can take a credit against payroll taxes (capped at up to $250,000 per year for five years).

For 179D Energy Tax Deduction:

Renewed for two years, retro-actively to 1/1/2015 and expiring 12/31/2016.

Your Next Step

Find out if your clients qualify for the R&D Tax Credit or the 179D Energy Tax Deduction, and work with professionals that can get the most benefit for you and your client. 

Find out if you or your clients qualify.

About Tax Point Advisors

We’re a leading national provider of specialty tax services, including 179D Energy Deductions, and Research and Development Tax Credit studies. Our qualified staff of accountants, attorneys and licensed professional engineers provide a unique approach that maximizes our clients' tax benefits. No other firm has Tax Point Advisors’ industry leading audit success rate. 

Learn more about Tax Point Advisors’ R&D Tax Credit Services.

Learn more about Tax Point Advisors’ 179D Energy Tax Deduction Services.


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