What Is The Employee Retention Credit? Receive Up To $26,000 Per Employee | Payroll Tax Credits

What ways can the Employee Retention Credit assist you in obtaining up to $26,000 per employee? The Employee Retention Credit, also known as the ERC, is a credit that gives employers a 70% credit up to $10,000 per quarter on an employee’s qualifying wages. In some ways, the credit functions like a payroll tax credit. The quarterly maximum credit for each employee is $7,000. Your employer’s Social Security tax liability is also reduced by this credit. Take a look at our video to find out more about how the ERC can benefit your company!

You can use our eligibility calculator on our website at http://EmploymentRetentionTaxCredit.org erc if you need assistance figuring out your Employee Retention Tax Credit.

**The credit was up to $33,000 at the time it was recorded. Congress has changed since then to bring the maximum credit per employee down to $26,000**.

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http://EmploymentRetentionTaxCredit.org

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DISCLAIMER: This video does not offer financial, legal, or tax advice. Before making any decisions regarding your finances or legal rights, talk to an expert about your circumstances. Attorney-client privilege is not violated by these videos either.