The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.
Frequently Asked Questions
- General Information
- Determining Which Employers are Eligible to Claim the Employee Retention Credit
- Determining Which Entities are Considered a Single Employer Under the Aggregation Rules
- Determining What Types of Governmental Orders Related to COVID-19 May be Taken into Account for Purposes of the Employee Retention Credit
- Determining When an Employer’s Trade or Business Operations are Considered to be Fully or Partially Suspended Due to a Governmental Order
- Determining When an Employer is Considered to have a Significant Decline in Gross Receipts
- Determining the Maximum Amount of an Eligible Employer’s Employee Retention Credit
- Determining Qualified Wages
- Determining the Amount of Allocable Qualified Health Plan Expenses
- How to Claim the Employee Retention Credit
- Interaction with Other Credit and Relief Provisions
- Special Issues for Employees: Income and Deduction
- Special Issues for Employers: Income and Deduction
- Special Issues for Employers: Use of Third Party Payers
- Other Issues
Where can I get more information?
- Employee Retention Credit
- Coronavirus Tax Relief
- New Employer Tax Credits
- Department of Labor's COVID-19 and the American Workplace
- Small Business Administration’s Paycheck Protection Program