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IRS: Employee Retention Credit available for many businesses financially impacted by COVID-19

U.S. Treasury Department and Internal Revenue Service

Wednesday, April 1, 2020

The Treasury Department and the Internal Revenue Service today 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. Read more
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