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.