Engineered Tax Services Newsletter

Big Win for Michigan Innovators: New Refundable R&D Tax Credit Launches in 2025

If you own or run a business in Michigan and you're investing in innovation—this is news you don't want to miss. Starting January 1, 2025, Michigan is launching a refundable Research and Development (R&D) tax credit that's designed to reward companies doing R&D work right here in the state. Whether you're building new technology, testing prototypes, or improving products, this credit could put serious money back in your pocket.

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Unlock Growth Potential with Strategic R&D Tax Credits 2025

In today’s fast-paced economy, innovation isn’t just a buzzword—it’s a necessity. Businesses that prioritize research and development (R&D) gain a decisive edge, outpacing competitors and reshaping industries. The R&D Tax Credit, established under IRS Section 41, serves as a powerful tool to fuel this progress. Far more than a tax deduction, it’s a strategic resource for reinvesting in growth, hiring top talent, and accelerating market leadership.

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