Massachusetts R&D Tax Credit Summary

R&D Tax Credit Available:

Yes


Eligible Entities:

C-Corporations, S-Corporations


Deadline for Tax Filing:

Due with Massachusetts Tax Return


Data Required to Compute Credit:

  • Claim Period Qualified Research Expenses (QREs)
  • QREs for Prior 4 Tax Years
  • Gross Receipts for Prior 4 Tax Years

Credit Carryforward:

15 years


R&D Credit Summary:

The Massachusetts research credit equals:

  • 5% of the current year (2015, 2016, and 2017) qualified research expenses over the base amount.
  • 7.5% of the current year (2018, 2019,and 2020) qualified research expenses over the base amount.
  • 10% of the current year (on or after January 1, 2021) qualified research expenses over the base amount.

Special Notes:

For taxable years beginning on or after January 1, 2015, taxpayers now have 2 options to calculate the MA R&D tax credit: Regular Method & Alternative Simplified Method.

Research Tax Credit
Important Links and Forms

MA Schedule RC Form
Schedule RC Instructions
MA DOR Website
MA Regulations

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