Unlocking Innovation Funding: How the R&D Tax Credit Fuels Software Engineering

▤ Summary

The article explains how software companies can use the federal R&D tax credit to reduce innovation costs and reinvest savings into growth. It highlights that modern software engineering work, including experimentation, testing, and architecture decisions, can qualify for the credit. It also notes that the IRS has updated Form 6765 and will require project-level documentation starting in 2025. The piece encourages companies to begin tracking R&D activity now so they are prepared for the new rules and better positioned to capture non-dilutive funding.

▦ Linked Companies