Find out if your business qualifies for up to $26,000 per employee from the Employee Retention Tax Credit
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You can qualify if your business was impacted by any of the following:
Reduction of overall revenue
Social Distancing requirements that reduced capacity
Reduction of hours of operation
Distribution delays and/or suspensions
Supply chain disruptions on irreplaceable goods
Suspended on-site work and/or client meetings
Your maximum credit for 2020:
$5,000 PER ELIGIBLE EMPLOYEE
Your maximum credit for 2021:
$21,000 PER ELIGIBLE EMPLOYEE
Total maximum credit:
$26,000 PER ELIGIBLE EMPLOYEE
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The Employee Retention Credit (ERC) government program, created under the 2020 Cares Act, allows eligible businesses to receive up to $26,000 per eligible W-2 employee retained during 2020-2021.
In 2021, the Cares Act was amended to broaden the eligibility requirements for qualification.