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Businesses can make use of the Personnel Retention Tax Credit score, also often called the employee Retention Credit (ERC), a refundable payroll tax credit, to defray qualifying employee charges like wage and some advantages. A maximum of $5,000 for every personnel, or 50% on the staff charge, could be claimed in 2020, and a most of $21,000 for each employee, or 70% from the personnel value, could be claimed in 2021. Firms which have gained governing administration funding with the PPP, RRF, as well as other payroll applications remain qualified with the ERTC; having said that, they’re not permitted to “double-dip” in the exact same described wages. Can it be way too late to claim ERC?