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FAQs: Employee Retention Credit under the CARES Act

The Employee Retention Credit under the CARES Act encourages businesses to keep employees on their payroll. The refundable tax credit is 50% of up to $10,000 in wages paid by an eligible employer whose business has been financially impacted by COVID-19.

Frequently Asked Questions

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Internal Revenue Service

Internal Revenue Service, United States of America

The Internal Revenue Service is the nation's tax collection agency and administers the Internal Revenue Code enacted by Congress.