The short answer is yes.
The Employee Retention Credit (ERC) is available to qualifying employers for the last three quarters of 2020 and the first three quarters of 2021.
The employer’s tax return for the second quarter of 2020 was due July 31, 2020, and can be amended and a refund requested until July 31, 2023. The payroll tax return for the third quarter of 2021 was due on October 31, 2021, and can be amended and a refund requested until October 31, 2024.
Don’t wait to apply for the ERC tax credit in 2023 – act fast to beat the deadline!
This tax credit can be complicated, so make sure to check out this guide to understand the eligibility criteria and how to claim the credit retroactively. It will help you get your refund as soon as possible.
- Internal Revenue Service (IRS)
- The CARES Act
- U.S. Department of Labor
- FAQs: Employee Retention Credit under the CARES Act
Internal Revenue Service (IRS)