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Eligibility Criteria
To qualify for the ERC, businesses must meet specific criteria. Generally, employers must have experienced either a full or partial suspension of operations due to government orders related to COVID-19 or a significant decline in gross receipts. For 2020, a decline is defined as a 50% or more reduction in gross receipts compared to the same quarter in 2019. In 2021, the threshold was reduced to a 20% decline2.