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Startup Payroll Tax Credit
Using R&D credits to offset payroll taxes
Guide
Section 41(h) Payroll Tax Credit Election
Qualified small businesses (≤$5M gross receipts, ≤5 years of gross receipts) can elect up to $500K/year of R&D credits against employer FICA.
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Guide
How to Claim the Payroll Tax Credit (Form 8974)
After filing Form 6765 (Item D checked), file Form 8974 with quarterly payroll returns (Form 941). Benefits pre-revenue and pre-profit companies.
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