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U.S. Treasury Changes Position on Qualifying Wages Under Employee Retention Credit

U.S. Treasury Changes Position on Qualifying Wages Under Employee Retention Credit

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May 2020

In a decision announced on its website, the U.S. Treasury has amended its position on the Employee Retention Credit (ERC)—specifically, its position on qualifying wages.

Under this new position, employer-provided health insurance coverage now qualifies as wages, with respect to the ERC, to the extent it is otherwise allocable to qualifying wages, or to a period where the employee is not providing services. Treasury addresses this matter both for employers that averaged 100 or fewer employees in 2019 and employers who averaged more than 100.

View the full article here.