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Employee Retention Credit available for many businesses financially impacted by COVID-19 - Taxation News

Tax News


Posted on: Apr 1, 2020

From the IRS:

The Treasury Department and the Internal Revenue Service launched the Employee Retention Credit, designed to encourage 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.

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