The Employee Retention Credit (ERC) – sometimes called the Employee Retention Tax Credit or ERTC – is a refundable tax credit for certain eligible businesses and tax-exempt organizations. The requirements are different depending on the time period for which you claim the credit.

These frequently asked questions (FAQs) provide general information about eligibility, claiming the credit, scams and more. For technical guidance, see notices, forms and instructions on the Employee Retention Credit page.

Our Employee Retention Credit Eligibility Checklist tool can also help you see if you’re eligible for the ERC.

If you’re not eligible, but you claimed the ERC and haven’t received a check or haven’t cashed or deposited the check, see the Correcting an ERC Claim – Withdrawing a claim section below.

If you’re not eligible and you claimed and received the ERC, see the Employee Retention Credit Voluntary Disclosure Program (ERC-VDP) frequently asked questions.

Eligibility

Qualified wages

Qualifying government orders

Supply chain

Decline in gross receipts

Recovery startup business

Claiming the ERC

Correcting an ERC claim

Withdrawing a claim

Amending a return

ERC scams

Recordkeeping

Timing

More information and resources on ERC

 

https://www.irs.gov/coronavirus/frequently-asked-questions-about-the-employee-retention-credit#collapseCollapsible1697712129015_690269