TaxGuyBill
Level 15
10-20-2021
05:21 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Can you clarify why you think it is 50%?
From the Instructions:
2020 Qualified Disaster Employee Retention Credit (Form 5884-A, Line 1b)
An eligible employer who continued to pay or incur wages after the employer’s business became inoperable because of damage from a 2020 qualified disaster may be able to claim a credit equal to 40% of up to $6,000 of qualified wages paid to or incurred for each eligible employee.
https://www.irs.gov/instructions/i5884a#idm139907417554336