Can You Still Claim the ERC Tax Credit Retroactively?

July 19, 2023
Dayes Law Firm

You’ve probably heard something about the Employee Retention Tax Credit by now. Also known as the ERC or ERTC, the tax credit is being advertised on the internet, television, radio, and more. 

But these ads about the ERC don’t always make it clear how to apply, or whether you can still claim the ERC tax credit retroactively for tax quarters in 2020 and 2021. Fortunately for you, there are tax professionals particularly skilled in dealing with the ERC at Dayes Law Firm, and we are happy to answer any questions you may have about the tax credit. 

Is the ERC Still Available?

There are deadlines for the ERC coming up, but the tax credit is still available for business owners interested in claiming it. 

The ERC is a fully refundable tax credit initially introduced as part of the Coronavirus Aid, Relief, and Economic Security (CARES) Act in March 2020. It was later extended and expanded through other legislation.

But you can only claim the tax credit for certain eligible periods. The ERTC is available to qualified employers for wages paid from March 13, 2020, through December 31, 2021. It is “for businesses that continued to pay employees while shut down due to the COVID-19 pandemic or had significant declines in gross receipts” during those early months of the pandemic, according to the IRS.

Can You Still Claim the ERC Tax Credit?

Yes! There is still time to claim the ERC tax credit retroactively. 

The ERC can be claimed for quarterly payroll tax filings from 2020 and 2021 and is not available for filings from 2022. Obviously, those years have passed, but businesses can claim the ERtC tax credit using an amended tax form.

As a business owner, you can file an amended Form 941X (Quarterly Federal Payroll Tax Return) to claim the ERC for past tax quarters. If you are unsure whether you’re eligible to apply, you can reach out to a tax professional or attorney like those at Dayes Law Firm for assistance.

ERTC Tax Credit Assistance

If you believe your business might meet the requirements to claim the Employee Retention Tax Credit, the team of experienced tax attorneys at Dayes Law Firm can help you do so. We can help you file the appropriate amended quarterly payroll tax returns on your behalf to claim the funds your business is entitled to, and there’s still time to do so retroactively. 

Our team of knowledgeable tax attorneys is available to help you get the best chance at getting the highest potential ERC tax credit refund for your business, and we have already worked with our partners to help other businesses apply for over $250 million in ERC claims to date!

For a no-obligation, free consultation, please feel free to call us at 1-866-684-8114 or fill out the form on this page to contact us. We are available via our 24/7 live chat or email, and there is no upfront cost to hire the firm. 

We look forward to discussing your situation with you and getting your business on the right path to claiming the ERC tax credit retroactively today!