Employers can claim a tax credit equal to 20% of qualified wages paid to full-time employees during a taxable year. Qualified wages are wages paid to individuals who are full-time employees of the employer and who perform services within the US in an employment relationship with the employer, at least 1,250 hours during the taxable year, and who are paid at least $1,000 each quarter. This is a tax credit,

which means that it reduces your tax liability. You may be eligible to claim the 2020 and 2021 ERTC. You can do this by Employee Retention Credit filing Form 941-X. You can also claim the ERTC for the 2022 ERTC, but you will only be able to receive a refund if you pay tax in 2021. If you don’t owe any taxes in 2021, you won’t get a refund.

For this reason, you may want to consider investing in an employer plan. Employer plans provide you with coverage, and you can deduct the contributions that you make into these plans.

To claim the ERTC, you will have to submit Form 941-X. This form must be filed for each quarter. It should be done by April 15 of each year. The amount of tax that you can claim depends on how much your employer paid to qualified employees during the year.