Eligibility

• Have been in business for 2 or more years with at least 2 or more employees.

• Sustained a full or partial suspension of operations due to orders from governmental mandates in 2020 or the first three quarters in 2021.

• Experienced a decline in gross receipts during that time.

• Or Qualify as a recovery startup business in 3rd or 4th quarter 2021. 

What Is A Recovery Startup Business?

Per the American Rescue Plan Act, a business that opened its doors during the pandemic. Your startup may be eligible if you meet the following criteria. 

• You have one or more W2 employees, not including owner-operators or family members.

• You started your business on or after February 15, 2020.  if you started your business in the second quarter of 2021, you won’t be able to claim any credit for 2020 or for the first two quarters of 2021.

• Your annual gross receipts don’t exceed $1 million for the individual 2020 and 2021 tax years.

For frequently asked questions, please visit the IRS website.