QUESTIONS? CALL: (800) 655-5281Login to WOTC Status Tracker

WOTC Planet

  • Tax Benefits
    • Reasons to WOTC
    • Employee Retention Credit
    • Military Veterans
  • How We Serve
    • Ways to WOTC
  • Marketplace
    • Marketplace Partners
  • Accountants
  • Resources
    • Frequently Asked Questions
  • About Us
    • Testimonials
  • Blog
Find My Tax Credits

Is Your Covid-19 Tax Refund Feeling Abandoned and Lonely?

Monday, 06 June 2022 by Vaughn Hromiko

Don’t cry. We can make it better!

Many employers are unaware they are eligible for special tax relief created for the covid-19 pandemic. The covid-19 Employee Retention Credit (ERC) is worth up to $26,000 per employee when a business qualifies. That means, for example, that a small business with 10 employees could qualify for up to $260,000. It sounds like a lot (and it is), but it’s also realistic.

ERC is a fully refundable tax credit. That means if you qualify, you receive a tax refund check from the U.S. Treasury.

There’s still hope if you didn’t claim your ERC tax credit during the pandemic (between March 2020 and December 2021). For a limited time, you can claim it retroactively as a tax refund by amending your 2020 and 2021 payroll tax returns.

(more…)

COVID-19Employee Retention CreditERC
Read more
  • Published in Employee Retention Credit
No Comments
Click Here to Find Your Tax Credits

Free WOTC Eligibility Analysis

 

  • Privacy Policy
  • WOTC Planet Blog
  • Society for Human Resource Management SHRM
  • National Restaurant Association
  • California Hotel & Lodging Association
  • California Lodging Industry Association

Hromiko & Associates, LLC BBB Business Review

Contact us

T (800) 655-5281
Email: inquire@wotcplanet.com

WOTC Planet
PO BOX 41159
Sacramento CA 95841

Open in Google Maps

  • GET SOCIAL
WOTC Planet

Copyright © 2019 | Hromiko & Associates, LLC. The WOTC Planet logo is a service mark of Hromiko & Associates, LLC

TOP