R&D Tax Credit + Section 179 Explained in 60 Seconds

If you own a business, these two tax breaks can save you serious money: 1️⃣ R&D Tax Credit Updated in July 2025 — lets you immediately expense U.S. R&D costs and claim credits. Small businesses can apply up to $500,000 against payroll taxes. If you’re innovating — product development, process improvements, or software — this credit was built for you. 2️⃣ Section 179 Deduction Buy a qualifying SUV, truck, or business equipment and accelerate most of the depreciation into the first year. Spend $100K on a vehicle, and you may be able to deduct up to $80K immediately. 💡 These incentives are designed to fuel innovation and growth while reducing your taxable income. Don’t leave money on the table.