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Level 1
December 30, 2023
Question

erc credit

  • December 30, 2023
  • 1 reply
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Can I file for the business ERC through Turbo Tax? And if so, how? 

    1 reply

    DoninGA
    Level 15
    Level 15
    December 30, 2023

    The Employee Retention Credit was only available for tax years 2020 and 2021.  If your business was eligible for the ERC and you did not claim the credit on either your 2020 or 2021 tax returns you will have to amend those returns.

     

    See this TurboTax support FAQ for amending a tax return - https://ttlc.intuit.com/turbotax-support/en-us/help-article/tax-return/amend-change-correct-return-already-filed/L4VjJ9BA2_US_en_US?uid=ld1n99kr

    DoninGA
    Level 15
    Level 15
    December 30, 2023

    IRS website for Frequently asked questions about the Employee Retention Credit - https://www.irs.gov/coronavirus/frequently-asked-questions-about-the-employee-retention-credit#qualified