The Employee Retention Credit is a refundable tax credit against certain employment taxes equal to 50 percent of the qualified wages an eligible employer pays to employees after March 12, 2020, and before January 1, 2021.
As a general rule, the employee retention credit (Credit) is a refundable credit that is equal to 50 percent of the “qualified wages” of each employee of an “eligible employer.
Resource: https://www.irs.gov/
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