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.