Frequently asked questions about the Employee Retention Credit

These FAQs provide general information about eligibility, claiming the credit, scams and more guidance about the Employee Retention Credit.
General Information
Businesses

Employers: Webinar for important details on Employee Retention Credit before the March 22 deadline

Tax Tip 2024-14, March 8, 2024 — The March 22 deadline to apply to the Employee Retention Credit – Voluntary Disclosure Program is fast approaching.
General Information
Businesses, Tax Professionals

Businesses should review Employee Retention Credit rules and resolve incorrect claims soon

Tax Tip 2024-09, Feb. 20, 2024 — The IRS urges businesses to review their eligibility for the Employee Retention Credit because there’s limited time for them to voluntarily resolve incorrect claims and avoid future issues, such as penalties and interest.
General Information
Businesses

Read out: Commissioner Werfel Briefs Senate Finance Committee on Employee Retention Credit

Jan. 10, 2024 — IRS Commissioner Danny Werfel today updated the Senate Finance Committee on the agency’s efforts to protect honest taxpayers and combat fraud in the Employee Retention Credit (ERC) program.
General Information
Businesses

Written Testimony of Daniel Werfel, Commissioner, Internal Revenue Service, before the House Oversight and Accountability Committee Subcommittees on Government Operations and the Federal Workforce and Health Care and Financial Services on IRS Operations

Oct. 24, 2023 — The Commissioner speaks before the House Oversight and Accountability Committee Subcommittees on Government Operations and the Federal Workforce and Health Care and Financial Services on IRS Operations.
General Information
Individuals, Tax Professionals, Charities and Nonprofits, Governments, Businesses, News Media, Trusts and Estates