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 Form CT 248 Claim for Empire State Film Production Credit 2024-2025

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so you've heard about the r d tax credits and you've got some questions specifically how can I potentially use these credits to save a significant amount on my tax burden well in this video I'm going to cover exactly what the r d tax credits are who is going to be eligible for these credits and the exact process for claiming 50 000 all the way up to hundreds of thousands of dollars in these tax credits for your business keeping in mind that this is not tax advice and does not apply to your personal circumstances that being said let's dive in and start up with what these tax credits actually are well the r d or research and development tax credit is a tax credit for Innovative businesses it basically incentivizes you to innovate and try new things specifically we're talking about technological activities that improve processes or products those are the things that could qualify here and we'll dive more into in plain English what that actua

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