ERC Refund Processing Time: How Long Will It Take?

How Long Does It Take For The IRS to Provide a Refund?

After filing for an Employee Retention Credit (ERC), you can expect a check from the IRS in approximately four to six months, depending upon their processing speed and whether they have a backlog.

An Important Note About ERC Refund Processing Time 

As more companies apply for ERC, there may be delays if claims get backlogged, and the wait time may be longer. Fortunately, when you partner with GetMyFunds, we provide real-time updates, so you’re always in the loop. To learn more, contact one of our Funding Specialists today.

ERC at a Glance

How Much Can I Get?

You can receive up to $26,000 per W2 employee based on eligibility criteria and wage calculations during 2020 and 2021.

Does My Business Qualify?

Unsure if your company qualifies for an ERC? Almost all with W2 employees during 2020 and 2021 are entitled.

How Do I Apply For ERC?

The best way to claim the credit is to work with GetMyFunds Funding Specialists and CPAs who know how to handle the complexities and your unique situation.

How Does It Work?

The Employee Retention Credit (ERC) allows businesses to receive a refundable tax credit for retaining employees during the COVID-19 pandemic. Since this is not a loan or lending program, employers do not have to pay it back.

What Are ERC Qualified Wages?

The qualified wages, as defined by the IRS, are those that were paid to employees after March 12, 2020, and before January 1, 2022.

What’s the Deadline?

The first one is April 15, 2024, which is the last date you can apply for all quarters in 2020. The second is April 15, 2025, which is the deadline for all quarters in 2021.

What If I Already Collected PPP?

Your company can still qualify for ERC if you have qualifying earnings that were not included as payroll expenditures when you applied for PPP.

When Will I Get My Check?

Once you have gone through the process and we have filed your ERC claim, you should receive a refund check from the U.S. Treasury within approximately four to six months.

Do I Have to Pay It Back?

No. ERC is not a loan, it’s a refundable tax credit that you get to keep.

Are there Qualified Wages Exclusions for Company Owners and Family?

Most business owners likely can’t include their wages for the ERC. Family members’ wages are generally excluded as well.

Know a Business
That Could Use ERC Help?

We are now accepting introductions to business that may qualify for ERC. We do the heavy lifting, and you collect a referral fee. Our average ERC funding per company is $300,000, and your average referral fee per client is $4,500. Several of our referral partners will earn over six figures.

Referral Program

We do the heavy lifting.
You get your ERC funds faster.

There’s no commitment, pressure, or obligation.