Cunningham & Associates -How is the Employee Retention Credit calculated?
When it comes to ERTC, we know that the big focus is on how much money you’ll receive. But how are these calculated? For 2020, you can receive up to a 50% credit for the wages you paid an individual during the qualifying period, up to the first $10,000 in wages. And for Q1, Q2, and Q3 of 2021, you are able to receive up to 70% credit for the wages you paid an individual during the qualifying periods. With this math, you can be receiving up to $26,000 in credit per employee.