The Employee Retention Credit (ERC) is a refundable Federal tax credit for businesses and tax-exempt organizations that retained employees during the COVID-19 pandemic.
The requirements are different depending on the time period for which you claim the credit. The credit is available to eligible employers that paid qualified wages to employees after March 1, 2020, and before January 1, 2022.
The credit can provide up to $26,000 in wages paid per W-2 employee.
The ERC is not available to individuals!
If you have not claimed this refundable credit yet and would like more information, please give us a call at 787-300-3777.
