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Employee Retention Credit - Internal Revenue Service The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – is a refundable tax credit for certain eligible businesses and tax-exempt organizations that had employees and were affected during the COVID-19 pandemic
Employee Retention Credit: 5 Years of IRS Answers - Forbes More than five years have passed since Congress created the employee retention credit (“ERC”) through the CARES Act Between then and now, Congress has changed the applicable law four times
October 2025 Outlook on the Employee Retention Tax Credit Discover the status of ongoing IRS processing delays, how they affect your business, and strategies for claiming your tax credits The Employee Retention Tax Credit (ERTC) was designed to help businesses that kept employees on payroll during the COVID-19 pandemic
What is ERC? Everything You Need to Know - Experian The ERC is a refundable payroll tax credit created by the CARES Act to help businesses negatively impacted by the coronavirus pandemic These businesses either experienced a significant decline in revenue or were impacted by government orders that limited their business activity
As time runs out for pandemic-era ERC, IRS adds 5 FAQs The ERC was designed to help certain businesses continue paying employees during the COVID-19 pandemic while their operations were either fully or partially suspended due to a government order or when they had a significant decline in gross receipts during the eligibility periods
Employee Retention Tax Credit: What You Need to Know Employers can be immediately reimbursed for the credit by reducing the amount of payroll taxes they have withheld from employees’ wages that they are required to deposit with the Treasury
Frequently asked questions about the Employee Retention Credit The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – is a refundable tax credit for certain eligible businesses and tax-exempt organizations The requirements are different depending on the time period for which you claim the credit