Hausmann Group March 31, 2020 1 min read

Q&A: The Employee Retention Tax Credit

The Coronavirus Aid, Relief and Economic Security (CARES) Act provides for a refundable payroll tax credit of 50 percent of qualifying wages paid by eligible non-governmental employers during the COVID-19 crisis.

This Q & A includes discussion of:

  • the Employee Retention Tax Credit eligibility requirements,
  • how to count employees, and
  • coordination of the tax credit with other programs, such as the Paycheck Protection Program and the Social Security Tax Deferral Program.

Read the entire Q & A here.
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