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Clark Schaefer Hackett: New Michigan R&D Credit: Refundable and Ready for 2025

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Michigan’s R&D Credit: A Win for Innovation-Focused Businesses

Michigan has introduced a new refundable R&D credit beginning with the 2025 tax year, offering businesses a powerful incentive to invest in innovation. Modeled on the federal credit, this program allows eligible companies (especially those with fewer than 250 employees) to claim up to $250,000 and even receive a refund if the credit exceeds their tax liability. 

 

Check out our full article written by CSH Senior Manager and tax expert Stephen Estelle to learn more.

Navigating state and local tax laws is complex, but with the right partner, it doesn’t have to be. Our SALT experts help businesses stay compliant, minimize risk, and maximize tax-saving opportunities across jurisdictions. From income & franchise taxes to credits and incentives, we provide tailored solutions that support your success. Partner with CSH and gain a team of experts who work as an extension of yours.

Business tax planning in 2025 comes with unique complexities, especially with the OBBBA’s provisions on business interest expense, bonus depreciation, and pass-through entity rules. This webinar will arm you with the tools you need to minimize liability and maximize opportunity as you prepare for 2026.

 

Key topics include:

  • Tax rate updates and expiring provisions
  • SALT (state and local tax) and nexus considerations
  • Key OBBBA provisions
  • Pass-through entity planning (S Corporations, Partnerships, LLCs)
  • Tax deferral strategies and income shifting opportunities
 

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