The Employee Retention Tax Credit is designed to encourage employers to keep employees on the payroll.  The refundable tax credit is 50% of up to $10,000 in qualified wages paid to an employee by an eligible employer experiencing economic hardship related to COVID-19.  The credit is for wages paid from 3/13/2020-12/31/2020.

Click here for a document which breaks down the details of the Employer Retention Credit and the credits for paid sick leave in easy-to-follow charts.  Using the chart, employers can quickly determine whether they are eligible for the credits, the amount of the credits and which wages apply.