Cryptocurrency Q&A
Do you have to pay back the ERC loan?
Do you have to pay back the ERC loan?
MysticGalaxy
Wed Nov 06 2024
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6 answers
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I received an ERC loan and I'm wondering if I have to pay it back. I'm not sure about the repayment terms or if there are any specific conditions I should be aware of regarding this loan.
6 answers
BitcoinBaroness
Fri Nov 08 2024
The Employee Retention Credit is a tax credit designed for eligible employers.
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GwanghwamunGuardian
Fri Nov 08 2024
It is fully refundable, meaning employers can receive a refund even if the credit exceeds the amount of employment taxes they owe.
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emma_carter_doctor
Fri Nov 08 2024
This tax credit is not a loan and does not require repayment.
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EclipseSeeker
Fri Nov 08 2024
Employers can claim the credit against certain employment taxes.
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DavidJohnson
Thu Nov 07 2024
The credit is intended to incentivize employers to retain their employees during challenging economic times.
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