The R&D Tax Credit is back! Find out how the Big Beautiful Bill Act can fund your R&D. Learn More
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The Research & Development (R&D) Program is designed to reward US companies for creating innovative products and technologies.
On July 4, 2025, President Trump signed the One Big Beautiful Bill Act (OBBBA) into law — a quiet but meaningful win for businesses investing in innovation.
With enhanced expensing rules and expanded refund opportunities for small businesses, the OBBBA delivers one of the most favorable updates to R&D tax treatment in years.
Eligible R&D expenses typically include W2 payroll, certain cloud computing costs, materials, and outsourced services.
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Annual startup eligibility - not a startup? No cap!
Claimed in the US this year
ROI on every development dollar spent
The One Big Beautiful Bill Act (OBBBA) delivers the most significant boost to R&D tax benefits in years. Since 2022, Section 174 forced businesses to spread domestic R&D deductions over five years for U.S. research and 15 years for foreign research. This tied up cash, delayed tax savings, and made planning harder for companies of all sizes.
Starting in 2025, companies can immediately expense domestic R&D costs in the year they occur or choose to amortize them over their useful life, with a minimum of 60 months. Small businesses with $31 million or less in average annual gross receipts can also claim retroactive refunds by amending 2022–2024 returns or accelerate deductions for remaining unamortized costs over one to two years starting in 2025. Larger companies are not eligible for refunds but can still accelerate past R&D deductions on the same schedule.
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The R&D Tax Credit is the #1 government-funded program for growing businesses. Best of all, you can count on it every year. The IRS doles out over $30B every year. Secure your piece of the pie now!
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Amazing customer service. Appreciate the diligence around taxes and helping us receive additional credits.
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Working with TaxTaker has been great for us. They were efficient and effective and got us great results. Couldn't ask for a better partner!
The TaxTaker team makes the R&D tax credit process really easy, which is something that's very important given any external-driven process can be more difficult to impact or navigate through. The communication, between timeline, expectations, and results, is excellent. And I truly enjoy the people. Everyone involved is nice to work with - personable while professional and engaging.
The team at TaxTaker is amazing. At each step from introduction to tax filing, they provided us exactly what we needed and took up very little of our time. All rapidly growing technology companies should contact TaxTaker. You will be very happy you did.
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As a Founder and CEO, my bandwidth is limited but cash is king. I appreciate that TaxTaker makes the tax credit process simple and low maintenance. The payroll integration is a great service and the platform is quick and easy. It's great to access the credit and manage cash flow.
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The process with the team was super easy, and they were diligent about staying on top of our refund with the IRS, which ultimately returned over $100k to my company. Thank you so much for your help!
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Starting in tax year 2025, businesses can now immediately deduct domestic R&D expenses in the year they occur instead of spreading deductions over five years. The bill also offers refund opportunities for small businesses and faster deduction schedules for larger companies.
If your business has $31 million or less in annual gross receipts, you may be able to:
File amended returns for 2022–2024 to get cash refunds for previously capitalized R&D costs
Deduct remaining unamortized R&D expenses faster starting in 2025
Apply your R&D credit against payroll taxes—up to $500,000 per year for qualifying startups
Yes. Eligible small businesses can retroactively deduct R&D costs from 2022–2024 and claim refunds. Even larger companies can accelerate the deduction of past R&D costs over one or two years starting in 2025.
No. The 15-year amortization rule for foreign R&D remains in place. The new immediate expensing option only applies to U.S.-based research and development.
Savings vary, but many businesses may recover hundreds of thousands of dollars through a combination of:
Full expensing of domestic R&D costs
Retroactive refunds for 2022–2024
Annual R&D tax credits (often worth 5–10% of qualifying expenses)
Startups with less than $5 million in annual revenue can use the R&D credit to offset payroll taxes—up to $500,000 per year—resulting in quarterly cash refunds, even without taxable income.
Work with our expert team at TaxTaker. We help innovative companies like yours identify, document, and claim the maximum R&D tax credit available—while ensuring you stay fully compliant with IRS requirements. Our team specializes in both federal and state R&D tax credits, and we know how to uncover hidden value by reviewing past filings for potential refund opportunities. With the new 2025 rules in place, we’ll build a tailored strategy that maximizes your savings now and in the years ahead. That’s why businesses across the country trust TaxTaker to deliver results they can count on.
Working with TaxTaker is risk free. TaxTaker collects a success fee only if you qualify for a tax credit.
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