If you're here, then it's likely that you've been searching for the precise deadline to apply for ERC.
So here it is:
For all quarters in 2020, the deadline to apply for ERC is April 15, 2024; and for all quarters in 2021, the deadline is April 15, 2025.
Why the Confusion About the Real ERC Deadline?
Unfortunately, some tax advisors have been muddling the rules related to the deadline for filing ERC claims. Some have been saying that amendments can be filed up to three years from each quarterly payroll tax filing date, resulting in a separate deadline to apply for the ERC for each calendar quarter.
But this isn't accurate: under IRS regulations, ERC claims generally must be made by the due date (including extensions) for filing the employer’s federal income tax return for the taxable year in which the wages were taken into account for purposes of determining ERC eligibility.
As a result, if a taxpayer filed their 2020 federal income tax return, then they have until April 15, 2024 to make their ERC claim. Similarly, a taxpayer that files their 2021 federal income tax return will have until April 15, 2025 to make their ERC claim.
How Do You Apply to Get Your ERC Refund Checks?
If you still need to apply or want to make sure you apply correctly, you have two options to file your 941 x:
- Do it yourself.
- Hire an experienced professional.
Do it yourself.
We've developed this step-by-step how to guide to help you understand and file your Employee Retention Tax Credit 941-X payroll tax refund. Please remember, this article was written as a general guide, and is not meant to replace consulting with payroll tax experts.
Hire an experienced professional.
Preparing your 941-X is complicated.
So, if you want a professional to do it for you that's successfully prepared and filed payroll tax returns for over twenty years, schedule your free 10 min call to talk with an advisor.
During the free call you'll:
During the free call you'll:
- Be able to determine if you qualify.
- Get an idea of your potential refund.
- Get transparent, flat-rate pricing for our ERC services.
The deadline is quickly approaching, so don’t procrastinate. Snooze and you lose.
We will do all the calculations and make sure you get all the money you’re entitled to.
Schedule your free 10 min call to talk with an advisor. You’ll be glad you did.
If you found this article helpful, here are some others you might like:
- How Much Do Payroll Services Cost?
- How Much Does It Cost to Get an ITIN Number for Your Workers?
- How to Choose the Best Payroll Company for Your Small Business
- How to Check my IRS ERC Refund Status
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