Qualified Research Expenses

The R&D tax credit is calculated as a percentage of your qualified research expenses (QREs). IRC Section 41(b) defines three categories of expenses that count.

1. In-house wages

W-2 wages paid to employees who perform, directly supervise, or directly support qualified research activities.

What counts:

What does not count:

Time allocation

When an employee spends only part of their time on qualified research, only that portion of wages is included as QRE. The allocation must be supportable — through timesheets, project records, calendars, or reasonable estimates documented contemporaneously.

2. Supplies

The cost of tangible property (other than land or depreciable property) used in the conduct of qualified research.

What counts:

What does not count:

The key word is consumed — the supplies must be used up or rendered valueless during the research process.

3. Contract research expenses

Payments to outside parties for qualified research performed on behalf of the taxpayer.

Under IRC Section 41(b)(3)(A), only a portion of contract research payments is included as QRE. The contractor must be performing work that meets the same four-part test, and the taxpayer must retain substantial rights to the results of the research.

What counts (at the reduced inclusion rate):

What does not count:

What is not a QRE

Several categories of spending are explicitly excluded from QREs even if they relate to R&D:

How QREs become a credit

Your total QREs are used in one of two credit calculation methods — the Regular Research Credit or the Alternative Simplified Credit — each of which applies a different formula to determine your credit amount. The platform calculates both methods and identifies which produces the larger credit.

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