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R&D Tax Credits Expanded by The Inflation Reduction Act

The Inflation Reduction Act of 2022 signed into law by President Biden contains several provisions, including modifications to the payroll tax R&D credit for qualified small businesses (QSB). Current law allows QSBs to use R&D tax credits to offset social security payroll tax liability.  This provides an avenue for QSBs to see benefit from R&D […]