ERC-App

ERC-App

FAQs

The “FAQ” feature on the Employee Retention Credit website provides a dedicated section where users can find answers to commonly asked questions related to the ERC. It serves as a valuable resource to address user inquiries, offer clarity on key aspects of the credit, and provide quick solutions to common concerns.

About ERC

What is the ERTC Employee Retention Tax Credit and ERC?

The CARES Act’s Employee Retention Credit is a fully refundable tax credit. For the 2020 program, the ERC is equal to 50% of qualified wages (including allocable qualified health plan expenses) that eligible employers pay their employees. This applies to wages paid after 3/12/2020 and before 1/1/2021. The maximum amount of wages taken into account with respect to each employee for all calendar quarters is $10,000, so that the maximum credit for an employee is $5,000.


For the 2021 program, the credit is increased to 70%, and the limit is $10,000 per quarter. This means the annual maximum for an employee is $26,000.


The tax credit offsets all withheld federal employment taxes including federal income tax withholding, Employer FICA and Medicare. Any excess credit will be refunded or advanced by the IRS.

What is an Eligible Employer?

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What Would Make My Business Ineligible?

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When is the Operation of a Trade or Business Considered Partially Suspended for the ERC?

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