There are many states that offer up to 30% of state tax credits on angel investments made on Umergence. Please refer to this list and contact your accountant to verify if there are any tax credits available in your state.
“Do you know about Qualified Small Business Stock (QSBS), also known as “IRC Section 1202”? This tax provision allows investors to minimize or eliminate taxes on successful exits in qualifying companies. Depending on the timing of your investment (more on that later), 1202 could result in a 50 to 100 percent reduction the gain on these companies.”