The Employee Retention Tax Credit (ERTC) was available during the pandemic, but eligible employers can still cash in on this money-saving tax credit. In this video, we break down the employee retention credit, including what it is, who qualifies, and how to claim it.
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00:00 - Intro
00:41 - What is the Employee Retention Credit?
01:01 - How much is the Employee Retention Tax Credit worth?
01:55 - Can you claim the Employee Retention Credit retroactively?
02:09 - How does the Employee Retention Tax Credit Work?
02:28 - Who qualifies for the ERC Tax Credit?
03:28 - Who doesn't qualify for the ERC Tax Credit?
03:41 - What are qualified wages for the ERC?
04:15 - How will the credit impact my federal tax return?
05:00 - How to apply for the Employee Retention Tax Credit?
05:36 - What is the deadline for the Employee Retention Tax Credit?
05:50 - How long does it take to receive the Employee Retention Tax Credit refund?
06:13 - The bottom line on the Employee Retention Tax Credit
Credits:
Video editor: Duncan Tafel
Stock footage and music, all downloaded from storyblocks.com
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