The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – is a refundable tax credit for businesses and tax-exempt organizations.
The requirements are different depending on the time period for which you claim the credit. The ERC is not available to individuals.
Eligibility
The credit is available to eligible employers that paid qualified wages to some or all employees after March 12, 2020, and before January 1, 2022. Eligibility and credit amount vary depending on when the business impacts occurred. The ERC is not available to individuals.
Generally, businesses and tax-exempt organizations that qualify are those that:
Eligible employers must have paid qualified wages to claim the credit.
Eligible employers can claim the ERC on an original or adjusted employment tax return for a period within those dates.
For more information about eligibility and credit amounts, see the Employee Retention Credit - 2020 vs 2021 Comparison Chart.
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