Wage Periods
The rules for the credit vary depending on which period the employer paid wages eligible for the credit.
March 12, 2020 through December 31, 2020:
Applicable law: CARES Act §2301, as amended by the Taxpayer Certainty and Disaster Tax Relief Act (TCDTRA) §206. Supplemental guidance was issued in IRS Notice 2021-20.
January 1, 2021 through July 1, 2021:
Applicable law: CARES Act §2301, as amended by the TCDTRA §207. Supplemental guidance was issued in IRS Notice 2021-23.
July 1, 2021 through December 31, 2021:
Applicable law: The American Rescue Plan.