R&D: Does Your Work Already Count?

On-farm trial and error can be a tax credit
Course #: FN-040
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Field Note Description

Ever plant test plots to compare hybrids, or trial a new fertilizer blend or irrigation setup? That kind of on-farm experimenting can qualify for a federal research and development tax credit — but only the extra cost of the experiment counts, not your regular farming. This Field Note explains what makes farm activity “research,” which costs qualify, and exactly what to ask your preparer before you claim anything.