Consolidated Appropriations Act, 2021 Makes Employee Retention Credit Available to More Taxpayers
The original Employee Retention Credit was created by the CARES Act in March 2020. Because this credit was not available to taxpayers that received loans from the Paycheck Protection Program (PPP), many taxpayers were not eligible to claim this credit. On December 27th, President Trump signed the Consolidated Appropriations Act, 2021 (CAA) into law. Under…