tax breaks

How Do Tax Breaks Work?

Tax breaks can take several forms, such as:
- R&D Tax Credits: Reductions in tax liability based on the amount spent on qualifying R&D activities.
- Investment Tax Credits: Credits for investments made in nanotechnology startups or projects.
- Depreciation Deductions: Accelerated depreciation schedules for equipment used in nanotechnology research.
- Grants and Subsidies: Direct financial support from the government that may be tax-free or reduce taxable income.

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