Film Production Tax Credits - MA, NY
Film production incentive programs in states like Massachusetts and New York can mean additional revenue and big tax savings for production companies. The production company may be eligible to receive a tax credit on qualified expenditures incurred within the state. Since Film Tax incentives are state-specific, you’ll need the expertise of a local CPA firm such as Wachsler CPA to maximize your production’s film tax credits.
We’re highly experienced with the state rules and requirements for the industry including accounting principles, audit services and agreed upon procedures so we know how to get your production the best credit possible. Wachsler CPA has assisted 200+ productions with budgets ranging from $60K - $5+ million. We’ve assisted these productions in obtaining over $36 million in film tax credits.
Whether you’re producing a motion picture, documentary, television series, music video, commercial, webisode, multimedia project or trailer, make sure you’re claiming all of the film tax credits you’re entitled to by working with Wachsler CPA. Call us at 781-883-3174 or request your free consultation online now and we'll get in touch with you shortly.
Massachusetts Film Tax Credits
- Unlimited Transferable, Refundable 25% tax credit on both ATL (above the line) and BTL (below the line) qualified expenses
- Available for features / Indies, documentaries, television series, music videos, commercials, webisodes and multimedia projects
- Minimum $50K spend
New York Film Tax Credits
- Audit / agreed-upon procedure (AUP) to minimize ESD processing time
- No minimum spend
- Minimum of 1 day of principal photography at Qualified Production Facility (QPF)
- Available for features / Indies, television series and commercials
- Separate application for post-production only