How Do I Treat An Employee Retention Credit Refund: Revision history

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2 August 2023

  • curprev 00:5400:54, 2 August 2023‎ EleanorShea7667 talk contribs‎ 5,305 bytes +5,305‎ Created page with "The American Rescue Plan Act changed the rules of the Employee Retention Credit. Employers that meet the criteria will receive an amount equal to the Social Security or Medicare liability of the company after the year 2020. If the total credit exceeds the employer's Medicare or Social Security liability, the excess amount will be refunded. The total amount of this tax credit will be reconciled on the employer's Form 941. The IRS has posted an FAQ page with more details a..."
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