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TransPecos Banks. Texas Banking at its Best.

Employee Retention Tax Credit

How does the Employee Retention Tax Credit work?


If you fell under economic hardship due to the COVID-19 pandemic, your business may be eligible for an employee retention tax credit. Talk to us today or schedule a convenient time for a no obligation discussion about how TransPecos Banks can help you access the funds you need now.

What does the ERC cover?

  • Payroll Tax Credit for businesses who experienced interrupted operations due to Covid-19
  • Up to $10,000/employee for qualified wages during specified timeframes
  • Some health insurance costs may qualify
  • No repayment of tax credit
  • May be eligible even if you took advantage of the Payment Protection Program

Click here for more information on how to apply