Claim R&D Tax Credits for Your
Foundry Research

Refunds are available for companies performing research within the Foundry Industry. The research credit provides dollar-for-dollar cash savings each year for activities focused on developing new or improved products and processes. These benefits can provide much-needed funds to hire additional staff, expand R&D efforts, invest in production facilities, and support growth initiatives.

Examples of Qualifying Foundry R&D Work

Many foundry companies are unaware that their design and development work can generate substantial research credits. Examples of qualifying R&D activities and potentially eligible job roles are outlined below.

Designing products with tight tolerances new to the company

Developing designs suitable for harsh climates

Improving metal casting processes, including melting, coating, heat treatment, casting, molding, and welding techniques

Enhancing pollution control, waste management, and furnace charging systems

Developing new gating and riser designs and reducing or recycling excess coating

Creating new products with improved strength, stress tolerances, durability, or service life

Implementing new technologies for filtration processes, pouring techniques, temperature control, metallurgical process monitoring, flow control, mold and coating materials, and binder materials

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 against their alternative minimum tax (AMT) liability.

Eligible Job Roles for R&D Credits

Computer Numerically Controlled (CNC) Programmer

Foundry Process Control Technician

Foundry Worker

Heat Treatment Supervisor

Manufacturing Engineer or Supervisor

Melt Deck Supervisor

Pattern Maker

Welder

Start-ups: $500K Payroll Tax Offset

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

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