Claim R&D Tax Credits for Your
Life Sciences Research

Refunds are available for companies performing research within the Life Sciences Industry. The research credit provides dollar-for-dollar cash savings each year for companies conducting activities related to the development of new or improved products and processes. These benefits can supply much-needed funds to hire additional staff, expand R&D programs, invest in facilities, and support growth initiatives.

Examples of Qualifying Life Sciences R&D Work

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

Automating internal processes through new hardware and software systems

Designing and manufacturing prototypes for medical devices, drug delivery systems, or pharmaceutical packaging equipment

Developing and testing new pharmaceuticals, therapies, biologics, or other medical compounds

Enhancing existing products to increase shelf life, reduce side effects, or prolong therapeutic activity

Producing clinical trial lots and performing initial scale-up of manufacturing processes

Supporting direct research activities, including quality testing, lab equipment maintenance, data collection, and regulatory compliance

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

Orphan Drug Tax Credit

Companies with qualifying activities for the Orphan Drug Credit (ODC) may also qualify for the R&D Tax Credit, though the same expenses cannot be claimed for both credits. The ODC often provides a more lucrative benefit, but companies may miss out due to limited knowledge, expertise, or resources.

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.

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.

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.