Learn more about the payroll tax refund that helps eligible businesses receive up to $26,000 per employee kept on payroll during the pandemic.


The Employee Retention Credit

The Employee Retention Credit (ERC) was developed to encourage and support employers who retained existing employees throughout 2020 and for the first three quarters of 2021 by offering a generous payroll tax refund through the IRS.

Eligible businesses can receive a refund of up to $5,000 per employee for all of 2020 and up to $7,000 per employee kept on the payroll for each quarter for Q1 through Q3 of 2021. That’s a total refund of up to $26,000 per employee kept on your payroll.

ERC Overview

As a small to medium-sized business, it’s likely that you were negatively impacted by COVID-19, and you certainly weren’t alone.

Due to financial suffering across the country, Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act to help get businesses back on their feet – with a special section called the Employee Retention Credit (ERC).

Designed to reward businesses

The program rewards those who kept employees on payroll in 2020 and 2021.

The ERC wasn’t widely used until recently

The ERC has since undergone expansions and multiple amendments by Congress.

Capital for any business need

The ERC refunds come directly to you from the United States Treasury.

Established by the CARES Act

The same relief bill that created PPP loans also created the ERC.

The ERC is underutilized as most eligible businesses have not yet claimed their refund.