This content was published prior to the merger of equals between BKD and DHG on June 1, 2022. See all FORsights for the most up-to-date articles, webinars, and videos.
Employee Retention Credit: What Organizations Should Know
The Coronavirus Aid, Relief, and Economic Security Act, passed on March 27, 2020, provides a refundable tax credit against certain employment taxes equal to 50 percent of up to $10,000 of qualified wages (including certain health plan costs) that an eligible employer pays to employees after March 12, 2020, and before January 1, 2021. The Taxpayer Certainty and Disaster Relief Act of 2020, passed on December 27, 2020, expanded the credit through June 30, 2021, and provided several favorable enhancements to the credit for 2021. Read on for more details.
