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Daily Archives: November 10, 2022

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Research Credit Potentially Doubled By The Inflation Reduction Act

Blog, Business Owner/Self Employed, TaxBy Editorial TeamNovember 10, 2022

The Inflation Reduction Act that President Biden signed into law back in August, has a lesser-known provision that could benefit many small business startups, allowing them to potentially double the amount of the research and development tax credit they can claim from $250,000 to $500,000 per year against payroll taxes.

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