New Bill Could Amend ERTC Due Date
AAFCPAs would like to make clients aware of a new bill that has reached congress titled The Tax Relief for American Families and Workers Act of 2024, a vote for which is anticipated by January 31, 2024. If passed, this bill could amend the due date of Employee Retention Tax Credit (ERTC) filings to January 31, 2024 versus previous due dates, below.
| Credit Year | Current Due Date | Potential Amended Due Date |
| 2020 (Q2, Q3, and Q4 2020) | 4/15/2024 | 1/31/2024 |
| 2021 (Q1, Q2, and Q3 2021) | 4/15/2025 | 1/31/2024 |
This new bill, having been introduced at such a late date, can be a cause of uncertainty. While we cannot say whether the bill will pass or if its amended deadline will be upheld, we advise that clients plan proactively for a January 31, 2024 deadline as a precaution. As of the date of this publication, the current ERTC deadlines remain in place.
If you already submitted a claim and have not received your refund, please reach out to your AAFCPAs advisor regarding next steps. We recommend that members of professional employer organizations (PEOs) reach out to their payroll administrator and ask about their plan to file open claims in a timely fashion based on this pending updated due date. If you have not applied for the ERTC as of yet, we advise that clients pause and take a wait and see approach.
AAFCPAs is here to advocate on your behalf and help you navigate any challenges that may arise. We believe that being well-informed is the best preparation. To this end, we will keep you updated as we learn of any changes or updates on the passing of the bill or amendments to the ERTC program. Should the filing deadline shift, we will share further guidance to ease the transition.
If you have questions, please contact Courtney McFarland, CPA, MSA, 340B Apexus Certified Expert™, Partner at 774.512.4051 or cmcfarland@nullaafcpa.com—or your AAFCPAs Partner.
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