The Employee Retention Tax Credit (ERC) includes funds to help business owners who kept W-2 employees on their payroll during 2020 (Q2–Q4) and 2021 (Q1–Q3).
Up to $26,000 per W-2 employeeERC is a refundable tax credit (it is not a loan like PPP or EIDL)
No restrictions on use
No limit on funding
Qualify with decreased revenue or COVID-related event
IRS distributes your funds within 4–8 months
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