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What is ERC?

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Last Updated On

Mar 16, 2023, 12:29:18 PM

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10001New YorkNew York

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Listing ID

36758447

About What is ERC?

ERC (Employee Retention Credit) is a stimulus government aid program established by the CARES Act. It is a refundable tax credit – a grant, not a loan – that businesses can claim, and can recoup up to $26,000 per employee. Who is the ERC Program For? This program was created for companies who showed a decline in revenue, changes or adjustments in standard business operations, or partial / full business suspension during the Covid-19 pandemic and paid employees on W2 payroll during the years of 2020 and 2021.

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ERC ProgramEmployee Retention Creditrefundable tax credit

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