IRS Offers Further Guidance on Employee Retention Credit, Even as Congress May End It Soon

IRS Offers Further Guidance on Employee Retention Credit, Even as Congress May End It Soon

Accounting Today

The Internal Revenue Service and the Treasury Department released guidance Wednesday on the employee retention tax credit, including guidance for employers who pay qualified wages after June 30, 2021, and before Jan. 1, 2022, as Congress weighs a proposal to end the tax break next month to help pay for the bipartisan infrastructure plan.

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