No, the Employee Retention Tax Credit (ERTC) is not taxable income. While the ERTC is not taxable, it is subject to cost disallowance laws that essentially render it taxable. It's important to consult with a qualified tax professional to understand the specific tax implications and requirements related to the ERTC.
Beware of Scams and Consult Professionals. In conclusion, the Employee Retention Tax Credit (ERTC) is not taxable income. It is a refundable tax credit designed to support businesses during the COVID-19 pandemic by incentivizing employee retention."
Affiliate Disclosure: Our advisors are from third-party ERTC advisory companies who can help you determine your eligibility and claim the ERTC at no upfront cost to you. They take their fee AFTER the tax credit is deposited and can offer funding if you don't want to wait. ERTCPays.com receive a small referral fee if you choose one of our recommended companies.