Signature Tax Event 2022 Deck FINAL | Page 65

Calculating the 2020 / 2021 ERC

• Maximum of $ 10,000 qualified wages per employee for a potential $ 5,000 credit per employee for 2020 , increases to potential $ 7,000 per employee per qualifying quarter for 2021 .

• Qualifying wages include employer / employee pre-tax health insurance premiums .

• Excludes wages used to calculate PPP loan forgiveness , and other wage-based tax credits .

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