For 2020, the ERC provides a fully refundable credit of up to $5,000 per employee for businesses with 100 employees or less. Employers with between 101 and 500 employees can still qualify for the credit, but only on wages paid to employees NOT to work.
For 2021, the ERC provides a fully refundable credit of up to $7,000 per employee for each qualifying quarter in 2021, and the employee count threshold was increased from 100 to 500. The credit is currently available for the first three quarters of 2021. In total, an employer can receive up to $26,000 ($5,000 + $7,000 + $7,000 + $7,000) per employee for the years 2020 and 2021.