SaaS Tax Credit Secrets Your Accountant Missed
State-Specific Tax Incentives
In addition to federal tax credits, many states offer their own incentives for SaaS companies. For instance, California provides a state-level R&D credit that can be claimed in addition to the federal credit. Similarly, New York offers a refundable tax credit for qualified emerging technology companies, which includes many SaaS businesses2. It's essential to research and understand the specific incentives available in your state to fully leverage these opportunities.