1224 Form 8974 (PDF)

Official source: IRS Forms, Instructions & Publications (https://www.irs.gov/pub/irs-pdf/f8974.pdf), retrieved 2026-10-03. U.S. Government work (17 U.S.C. § 105).

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(Rev. December 2024)

Qualified Small Business Payroll Tax Credit for Increasing Research Activities

Department of the Treasury — Internal Revenue Service

951823

OMB No. 1545-0029

Part 1: Tell us about your income tax return.

(a) Ending date of income tax period

(b) Income tax return

filed that included Form 6765

(c) Date income tax

return was filed

(d) EIN used on

Form 6765

(e) Amount from Form 6765, line 36

or, if applicable, the amount that was allocated to your EIN

(f) Amount of credit

from column (e)

taken on a previous period(s)

from column (e)

(g) Remaining credit (subtract column (f)

from column (e))

Part 2: Determine the credit that you can use this period.

8 Enter the amount from Form 941, line 5a, column 2;

9 Enter the amount from Form 941, line 5b, column 2; or

11 Multiply line 10 by 50% (0.50). Check this box if you’re a third-party payer of sick pay or check this box if you received a Section 3121(q) Notice and Demand. See the instructions

12 Credit against the employer share of social security tax. Enter the smaller of line 7 or 11, but not more than $250,000. See the instructions before entering an amount if you file Form 943 or Form 944. If you entered the amount from line 7, stop here and also enter this

14 Enter the amount from Form 941, line 5c, column 2;

15

Multiply line 14 by 50% (0.50). If you’re a third-party payer of sick pay or you received a Section 3121(q) Notice and

17 Total credit. Add lines 12 and 16. Also, enter this amount on Form 941, line 11; Form 943,

17 Total credit. Add lines 12 and 16. Also, enter this amount on Form 941, line 11; Form 943,

For Paperwork Reduction Act Notice, see the separate instructions. www.irs.gov/Form8974 Cat. No. 37797C Form 8974 (Rev. 12-2024)