EMPLOYEE RETENTION TAX CREDIT

Written By Kenneth Nguyen

Employers who have filed payroll taxes for employees (besides themselves) and experienced a reduction in gross in 2020 and 2021 are eligible to claim this refundable tax credit.

Maximum tax credit per employee: $5,000 for 2020; $28,000 for 2021

Eligibility: 50% reduction in gross receipt in a quarter for 2020; 20% reduction in a quarter for 2021

Please reach out for any further questions. Thank you for visiting

Kenneth Nguyen https://longterm.work
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CALIFORNIA COMPETE TAX CREDIT