R&D Tax Credits for Agriculture Research | TaxDrone.AI

Claim R&D Tax Credits for Your
Agriculture Research

Refunds are available for companies conducting research in the agriculture industry. The research credit offers dollar-for-dollar cash savings each year for businesses engaged in developing new or improved products and processes. These benefits can provide much-needed cash to hire additional staff, expand R&D efforts, acquire new equipment, and more.

Examples of Agriculture R&D Activities That Qualify

Many agriculture companies are unaware that their project-related efforts can generate substantial research credits. Below are examples of qualifying activities and roles that may be eligible.

Determining tooling requirements and optimal equipment placement

Developing new or improved quality assurance testing processes

Creating processes that meet strict regulatory requirements

Building prototypes using computer-aided design (CAD) and computer-aided manufacturing (CAM) processes

Developing robotics and automation technology

Experimenting with new or improved filling and packaging techniques

Enhancing strength, durability, and product service life

Optimizing feeds and speeds while maintaining quality and integrity

Improving processes such as filling, sealing, packaging, die design, waste control, recycling, and increasing flexibility for higher product volume and variety

Alternative Minimum Tax (AMT) Offset

For tax years beginning after December 31, 2015, eligible small businesses (with $50 million or less in gross receipts) may claim the research credit to offset AMT liability.

Potential Job Roles That Qualify

CNC Operator

CAD Technician

Design Engineer

Director of Operations

Machinist

Manufacturing Engineer

Start-ups: Offset Payroll Taxes Up to $500,000

Qualified start-ups can elect to use up to $500,000 of the research credit against payroll taxes. Treasury regulations now allow a wider range of companies — from start-ups to publicly traded businesses — to take full advantage of this valuable credit.

Quickly Discover Your Potential Savings

Curious about what you might be owed? Taxdrone.AI, our AI-driven R&D tax credit platform built on decades of experience, provides fast, precise, and award-winning results. Get a comprehensive analysis of your potential credits now.