What is the 2023 ERC Refund and What Does it Mean for Taxpayers The 2023 ERC refund is part of the Economic Recovery Credit (ERC) enacted by President Biden as part of the American Rescue Plan. The refund offers eligible taxpayers a one-time payment of up to $1,400 per adult, and $2,800 for married couples…
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Employee Retention Credit
Overview of Employee Retention Credit Employee Retention Credit (ERC) is a significant tax benefit for employers affected by the COVID-19 pandemic. The credit helps qualified employers offset part of their payroll costs when they are unable to fully operate due to government orders or economic hardship related to the coronavirus outbreak. The ERC is a…