R&D Tax Credit for Medical Devices

Companies that manufacture Medical Devices are strong candidates for government incentives such as the R&D Tax Credit. Companies in this industry, like commercial equipment and machinery producers, expend significant resources on research and development aimed at devising new and advanced test and treatment systems for the healthcare community. Examples of Medical Device activities that present R&D tax credit opportunities include:

  • Designing and developing a prototype device for gathering a specific body fluid
  • Developing a high-volume packaging process for use with a sterilized medical product
  • Developing microprocessor software code for the operation of a new infant heart-rate monitor
  • Designing and developing a storage case for use in sterilizing and storing a set of surgical tools

Businesses in the Medical Devices industry are likely candidates to receive cash benefits from an R&D tax credit study. Intrepid Advisors' experts can deliver maximum benefits for each tax year.

Company Profile

Annual Revenue:
$10 - $25 Million

Employees:
75 - 100

R&D Tax Credits

Federal R&D Tax Credit:
$84,479

State R&D Tax Credit:
$42,971

R&D Tax Credit for Medical Devices

Learn More About R&D Tax Credits