Upcoming Legislation May Impact the Employee Retention Credit (ERC) Filing Deadline

At Advanced PEO Solutions (APS), we’re committed to keeping you informed about critical updates regarding the Employee Retention Tax Credit (ERC). We have important news to share that could affect the ERC claim submission process.

On January 31, 2024, the House passed The Tax Relief for American Families and Workers Act of 2024 (the Act), which proposes accelerating the deadline for ERC claim submissions—potentially retroactively to January 31, 2024. While the Act has not yet been finalized, it is unclear whether the final deadline will be retroactive or if another date in 2024 will apply.

We are closely monitoring this situation and will provide updates to help our clients navigate any changes.