About The ERC Program
What is the Employee Retention Credit (ERC)?
ERC is a stimulus program designed to help those businesses that were able to retain their employees during the Covid-19 pandemic.
It is a refundable tax credit – a grant, not a loan – that you can claim for your business.
The ERC is available to both small and mid-sized businesses.
It is based on qualified wages and healthcare paid to employees.
Up to $26,000 per employee
Available for 2020 and the first 3 quarters of 2021
Qualify with decreased revenue or COVID event
No limit on funding
ERC is a refundable tax credit
How much money can you get back?
You can claim up to $5,000 per employee for 2020 and up to $7,000 per employee per quarter for 2021.
To qualify, your business must have been negatively impacted in either of the following ways: