Employee Retention Credit

The Employee Retention Credit (ERC) is a tax credit from the IRS that employers may receive in the form of a refundable credit, meaning that a company can receive a check for the amount of the credit directly from the IRS. Many employers with less than 500 full -time employees are eligible for an ERC, even if they’ve already received a PPP loan. Companies can receive a check from the IRS for up to $26,000 per employee.