R&D Tax Credits for Tool & Die Casting Research

Claim R&D Tax Credits for Your
Tool & Die Casting Research

Refunds are available for companies performing research within the Tool & Die Casting Industry. The research credit provides dollar-for-dollar cash savings each year for businesses engaged in developing new or improved products and processes. These funds can help hire additional staff, expand R&D efforts, optimize production processes, and support overall business growth.

Examples of Qualifying Software Development R&D Work

Many tool & die casting companies are unaware that their routine design and development work can generate significant research credits. Below are examples of qualifying activities and potentially eligible job roles.

Automating machining processes to improve die casting efficiency and reduce labor costs

Designing, developing, and testing prototypes

Streamlining operational efficiencies within the molding process

Implementing safety measures throughout tool & die casting procedures

Drafting new parts using computer-aided design (CAD) to model product specifications and functionality

Enhancing machining processes to ensure consistent product quality

Testing new or alternative raw materials to improve performance and durability

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 AMT liability.

Eligible Job Roles for R&D Credit

Design Engineer

Die Cast Engineer

Computer Numerically Controlled (CNC) Programmers

Mechanical Engineer

Manufacturing Engineer

Process Engineer

Quality Engineer

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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