EmployeeRetentionTaxCreditFor Churches,Non-ProfitsExplainedIn Updated2022Guide
Asachurchleader,youmayhaveheardofthegovernment’s
EmployeeRetentionTaxCreditsprogram,butthoughtyouwere
ineligibleduetopastsupportyoureceived.
However,following recentchangesinthe legislation,thisisno longerthecase. That’swhy FederalTaxCredits.orgreleased areporttoenlightenyouonthe changesmadetotheERTC program,whichmeansnon-profit organizationsarenoweligible.
Asthereportexplains,your churchcouldbeeligiblefor $26,000peremployeedepending onfactorssuchasemployment durationandthenumberofyour full-timeworkers. Youcanalsofindanonline eligibilitycheckerinthe reportthatcanhelpyou seehowmuchyoumaybe abletoclaim.
Thereportprovidesacompletebreakdownofthevariouseligibility criteriaandchecksthataremadeforERCapplicantstohelpyouhave abetterunderstandingoftheprocess.
Visithttps://federaltaxcredits.org/ertc-potentialfree-money-for-churchesformoreinformation.