Start-ups and small businesses may qualify for up to $1.25 million (or $250,000 each year for up to five years) of the federal R&D tax credit to offset the Federal Insurance Contributions Act (FICA) portion of their annual payroll taxes.
To be eligible, a company must:
Have less than $5 million in gross receipts for the credit year; and
Have no more than five years of gross receipts.