Employee Retention Credit Filing Deadline

image showing deadline for erc filing

Employee Retention Credit Filing Deadline

You’re navigating the ERC, a lifeline for your business. But, those filing deadlines are tricky, aren’t they? Don’t worry, you’re not alone.

In this guide, we’ll break down the filing process, help you track your credit, and ensure you’re on top of those all-important 2023, 2024, and 2025 deadlines.

It’s time to maximize your benefits and keep your business thriving. Let’s dive into the world of the Employee Retention Credit together.

Understanding the Filing Deadlines for ERC in 2023

Navigating the ERC filing deadlines in 2023 can be complex, yet it’s crucial to your business’s financial health. You must understand the specific timelines to file IRS Form 941-X for corrections related to your 2020 and 2021 payroll tax returns.

Upcoming Deadlines to File for the ERC

You’ve got to keep an eye on the upcoming deadlines for filing the Employee Retention Credit (ERC); for claiming ERC funds for 2020, you need to submit your Form 941-X by April 15, 2024, and for 2021, the deadline is April 15, 2025. These dates aren’t just random; they’re crucial for maximizing your business’s financial relief during these challenging times.

Here’s a short checklist to help you stay on top of things:

  1. Mark your calendar: Make sure you’ve got these dates clearly marked and reminders set.
  2. Prepare your documents: Gather all necessary payroll records and documentation that validate your eligibility for the ERC.
  3. Reach out for help: If you’re unsure about any aspect of the process, don’t hesitate to seek professional guidance.

How to File for the ERC in 2023

Despite the Employee Retention Credit deadline ending in September 2021, you can still file for the ERC in 2023 by amending your previously submitted forms with Form 941-X. This option is available for employers who qualify under the IRS guidelines. Make sure you meet the eligibility criteria and have experienced a significant decline in gross receipts or a partial/full shutdown due to government orders.

First, you should evaluate your eligibility. The IRS has specific criteria to qualify for the ERC. In 2020, you must have experienced at least a 50% reduction in quarterly gross receipts compared to the same quarter in 2019. For 2021, the reduction threshold is 20%. It’s essential to note that eligibility isn’t based solely on total business closure. It also includes capacity restrictions or other operational disruptions due to government orders.

Once you’ve confirmed your qualification, you can proceed to file for the ERC. You’ll need to accurately calculate the qualified wages, maintain detailed records, and understand how the credit interacts with other COVID-19 relief programs. Remember, the ERC is a refundable tax credit; you can receive funds even if you don’t owe any payroll taxes.

Filing for the ERC involves submitting IRS Form 941-X to correct previously filed quarterly employment tax returns. This form allows you to amend your returns and claim the ERC retroactively. Make sure you submit this form by the stipulated deadlines: April 15, 2024, for 2020 quarters, and April 15, 2025, for 2021 quarters. This way, you’ll ensure you can benefit from this valuable tax credit.

How to Track Your ERC in 2023

After you’ve submitted your amended forms, it’s crucial to keep an eye on the progress of your application in 2023. Tracking your Employee Retention Credit (ERC) application ensures you’re aware of any updates or requirements needed to expedite your claim. However, reaching out to the IRS directly can be a lengthy and frustrating process due to the high volume of calls they receive.

Rather than spending valuable time waiting on hold, consider a more efficient solution. StenTam provides a white-glove service that takes the stress out of tracking your filing. We handle communication with the IRS on your behalf, saving you time and providing the dedicated customer service you deserve.

Here’s how We can help you track your ERC:

  1. Expert Support: Our team of tax professionals understands the complexities of tax regulations and can effectively communicate with the IRS. We know the right questions to ask to ensure your application is progressing as it should.
  2. Time Savings: We handle the calls and wait times, freeing up your schedule so you can focus on running your business.
  3. Peace of Mind: With us tracking your application, you can rest easy knowing that your ERC application is in capable hands.

Don’t let the daunting task of keeping track of your ERC application consume your time. Let our white-glove service handle the heavy lifting. To learn more about our services, fill out our simple, 7-question form today.

Deadlines for ERC Filing in 2023, 2024, and 2025

In 2023, it’s essential for you to be aware of the specific cut-off dates for claiming financial relief for your business, with key dates in 2024 and 2025 that shouldn’t be overlooked. The Employee Retention Credit (ERC) is a refundable tax credit that can provide significant financial relief. However, to claim this credit, you must adhere to the prescribed filing deadlines.

For eligible quarters in 2020, the ERC must be claimed by April 15, 2024. If your business qualified in 2021, the deadline to file is April 15, 2025. It’s vital to mark these dates and ensure you file your claims in a timely manner. Missing these deadlines could result in your business losing out on this valuable aid.

When filing, use Form 941-X to correct previously filed quarterly employment tax returns. This process requires meticulous record-keeping and a deep understanding of tax regulations. It’s important to accurately calculate qualified wages and understand how the ERC interacts with other COVID-19 relief programs.

Remember, the ERC isn’t a loan and doesn’t need to be repaid. It’s a credit against employment taxes, designed to help you retain employees during these challenging times. By understanding and meeting the deadlines, you can ensure that you take full advantage of this opportunity to receive financial relief.

Navigating tax regulations can be complex. Therefore, consider working with tax credit specialists to ensure accurate submission of your ERC filings and maximize your potential benefits.

How to Claim the Employee Retention Credit

You’ll need to accurately report your tax credit on the federal employment tax returns to claim the financial relief your business is eligible for. The Employee Retention Credit (ERC) is a significant tax relief measure, and understanding how to claim it’s crucial. Here’s a quick guide:

  1. Understand Your Eligibility: You must meet certain criteria to qualify for the ERC. This includes experiencing a decline in gross receipts or having your operations partially or fully suspended due to government orders relating to COVID-19.
  2. Calculate Qualified Wages: The credit is based on the qualified wages you’ve paid to your employees during eligible quarters in 2020 and 2021. Make sure to calculate these wages accurately.
  3. File Form 941-X: To claim the ERC, you’ll need to file IRS Form 941-X, which is used to correct previously filed quarterly employment tax returns.

Remember that you can also make retroactive claims for ERC if you missed out on previous opportunities. It’s advisable to work with experienced tax specialists to ensure an accurate and successful claim process. They can guide you through each step, helping you understand the requirements and assisting with proper documentation.

Keeping detailed records related to your ERC eligibility will also be important. This includes documenting the number of employees, the amount of qualified wages paid during specific periods, any decline in gross receipts, and any government orders affecting your operations. This will support your claim in case of IRS audits or reviews.

With careful planning and professional assistance, you can confidently claim the ERC and maximize your financial relief.

What is the Deadline for Third-Party ERC Companies?

Working with a third-party company to handle your ERC claims can alter the submission timelines, so it’s crucial to understand their specific deadlines. Generally, an ERC company requires at least a week to verify your documentation, complete your amended return, obtain your signatures, and submit your claim to the IRS. However, this process can take several weeks or even longer.

Given these potential delays, it’s essential to start the process well ahead of the IRS deadlines for claiming the ERC, which are April 15, 2024, for eligible quarters in 2020, and April 15, 2025, for eligible quarters in 2021. If you work with a third-party ERC company, you’ll need to factor in their processing times to ensure you don’t miss these critical IRS deadlines.

Be proactive in discussing these timelines with your chosen company. Understand when you need to submit your application and provide your documentation for ERC calculations. This open communication will help ensure that you don’t miss out on receiving your refund. Remember, it’s your responsibility to provide accurate and timely information to your third-party company, as they use this data to complete your ERC claims.

Lastly, remember that hiring an ERC company can relieve you of the complexities of filing amended tax returns, but it doesn’t abdicate your role in the process. Stay informed and involved, and you’ll be well on your way to claiming and receiving your ERC refund.

Confusion Around the Employee Retention Credit Deadline

You may have encountered some puzzling information about the Employee Retention Credit deadline. It’s essential to understand that despite the ERC program ending on September 30, 2021, you still have time to file for credits.

Let’s clear up some common misunderstandings about these crucial filing deadlines.

The Erroneous ERC Filing Deadlines

Despite the misinformation circulating, it’s vital to know the correct ERC filing deadlines to ensure your business doesn’t miss out on this valuable tax credit.

You might’ve come across various erroneous deadlines:

  1. The ‘rolling deadline’ suggests a separate filing date for each eligible quarter, up to three years from each quarterly deadline.
  2. Another misleading deadline is March 12, 2023, three years after the program’s inception.
  3. The third incorrect deadline proposes a three-year window from the date of tax filing.

These are incorrect interpretations of the ERC filing deadlines.

The actual deadlines are April 15, 2024, for eligible quarters in 2020, and April 15, 2025, for eligible quarters in 2021.

Don’t let misinformation lead your business astray.


In conclusion, staying on top of the ERC filing deadlines is crucial to optimizing your financial relief. Understand the deadlines, know how to file and track your ERC, and don’t hesitate to seek help if needed.

Confusion is normal, but with the right guidance, you can navigate through the process efficiently. Remember, the deadline for 2020 eligible quarters is April 15, 2024, and for 2021, it’s April 15, 2025.

Don’t miss out on this valuable credit.

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