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Robotics Manufacturing R&D Tax Credits

Robotic process automation has already changed so much in various industries and sectors, allowing them to automate countless tasks. Robotics automation improves productivity, decreases mistake rates, and shields employees from workplace accidents. Furthermore, robotics manufacturing’s software and data analytics are becoming more important due to Industry 4.0 and improved AI capabilities.

Because of that, the US government and certain states offer tax benefits to companies involved in R&D operations in the robotics industry. One such incentive is the Robotics Manufacturing R&D tax credit. It helps you recoup some of the research-related costs — in some cases, even 22% of expenses. However, the exact amount varies depending on your location.

Qualifying Costs and Activities

To become eligible for the R&D tax credit in the Robotics Manufacturing industry, your company should:

  • Include AI or cutting-edge control software in your processes;

  • Create innovative castings, tooling, jigs, or manufacturing methods;

  • Develop and evaluate first products and machine prototypes;

  • Resolve unusual or difficult automation issues;

  • Upgrade current designs;

  • Create customized solutions for each customer and assignment.

Qualifying expenses for this R&D credit include paying for subcontractors, raw materials, employee salaries, cloud computing services, and supplies. Some examples of positions you can cover are CNC machinists, CAD modelers, C-suite, mechanical and robotics engineers, electrical and software engineers, product managers, technical directors, and systems architects.

In case you are having trouble calculating how much you can benefit from the Robotics Manufacturing research and development tax credit, feel free to get in touch. We can give a free estimate and even help you apply without charging upfront fees.

 

FAQs

What kind of companies can apply?

Robotics manufacturing companies that conduct qualifying research activities.

What data do I need to calculate credit?

Claim period gross receipts.

What information do I need to provide?

General ledger expense detail, payroll records, project notes, project lists, emails, purchase orders, and other documents regarding QREs for the claiming period.

Is credit carryforward an option?

Yes, up to twenty years.

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