IRS Tax Credit for Keeping Employees on Payroll
The Employee Retention Credit, announced March 31, 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. It is available to employers of all sizes except government offices and businesses that take Small Business Loans.
Read the Treasury news release >>
Find more information at the IRS Coronavirus Tax Relief Page >>
Files you can download (PDF)
