Colleges and Universities Losing Millions Overlooking Massive Federal Tax Credit

Legitimate refundable tax credits are being mistaken by many within the educational industry as a scam, costing them millions of dollars. This refund is a specific tax credit from the US government. It’s called an Employee Retention Credit (ERC) or Employee Retention Tax Credit (ERTC). If a college or business qualifies, they will be able to claim this credit even if they took advantage of the Paycheck Protection Program (PPP) loan program that went into effect during the 2020 pandemic. Know this… the ERC tax credit is not a loan. It is a tax refund. Watch this video explaining precisely what the ERC tax credit is and how an educational institution or business may be able to take rightful advantage and claim this credit for itself. So how come the educational industry heard about PPP loans and not the ERC tax credit? It’s because banks were being paid to facilitate PPP loans; so they promoted them everywhere. And back then, during the Trump administration, if they took out