Doctor's Appointment

Medical

R&D Tax Credits

Stats At A Glance

$100,000

Potential annual federal tax savings of a rheumatology practice

65%

Amount of third-party contractor expenses that can be claimed

45%

Average percentage of qualified expenses for a dermatologist

Healthcare is driven by research and development (R&D). New products and new techniques arrive without significant clinical guidelines. Care based on any of these new additions requires development of proprietary delivery processes and clinical evaluations to assess whether outcomes satisfy your goals.

This need for continuous experimentation and innovation makes many private-practice healthcare providers primed to receive large tax incentives through the R&D Tax Credit. In addition to the federal credit, many states offer tax breaks. Pre-revenue companies and start-ups with less than five years of revenue can use the federal R&D tax credits to offset future payroll taxes.

The following industries have claimed significant R&D tax credits and received additional capital to reinvest into their workforce, infrastructure, and continued innovation:

Dermatology

Plastic Surgery

Rheumatology

Podiatry

Regenerative medicine

Audiology

Optometry

Other private practice owners

Example activities that qualify:

  • Designing (or improving) dental care processes that are new to your practice.

  • Developing in house milling labs

  • Developing 3D printing labs

  • Utilizing new equipment, such as CBCT, lasers, and endodontic instruments


Unsure of whether your projects qualify? The innovative care you have been working on may be eligible for significant tax breaks. Dr. Tax Credit, LLC employs tax experts with years of experience in R&D Tax Credits. We work on a success-based fee structure enabling businesses in the aerospace and defense industries to claim R&D credits/refunds with minimal out-of-pocket costs. We offer audit protection and a money-back guarantee. Contact one of our experts today.

The R&D Tax Credit was created to incentivize companies across multiple industries to keep high-tech jobs in the United States. Companies can claim employee wages, supplies & raw materials, computer rental costs, and third-party contractor expenditures incurred throughout the R&D process. Current law permits companies to amend prior year tax returns (going back three years), offering additional financial benefits from tax refunds. If you cannot use the R&D credits immediately, the IRS allows taxpayers to carry credits forward up to 20 years.

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