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Business & farm
Yes. The Consolidated Appropriations Act, 2021, extended the end date of the credit period to July 1, 2021. It also changed the credit to be available once per quarter in 2021. The calculation method changed to include 70% of wages up to $10,000 per employee per eligible quarter in 2021. This extension and increase of the wage percentage increases the potential credit per employee up to $14,000 in 2021 in addition to the $5,000 from 2020.
[Edited 03/18/2022 | 7:35 am PST]
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March 16, 2022
3:34 PM