Cryptocurrency Q&A
Do you have to pay back ERC money?
Do you have to pay back ERC money?
Silvia
Thu Nov 07 2024
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7 answers
2066
I'm wondering if I have to repay the money received from the Employee Retention Credit (ERC). Is it considered a loan that needs to be paid back, or is it a grant that I can keep without any repayment obligations?
7 answers
CryptoQueen
Sat Nov 09 2024
This credit is tied to payroll taxes.
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DavidLee
Sat Nov 09 2024
Employers who have previously remitted these taxes can benefit.
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ethan_lewis_journalist
Sat Nov 09 2024
The ERC stands as a unique financial incentive.
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Michele
Sat Nov 09 2024
A crucial aspect is that the funds received are not loans.
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Valeria
Sat Nov 09 2024
It is fundamentally different from a traditional loan.
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