IRS Reopens Processing Some Covid-Era Claims, Pays Out More Cash

The IRS will start processing some of the pandemic-era tax credit claims that previously were put on pause.

Businesses that filed employee retention tax credit claims between Sept. 14, 2023 and Jan. 31, 2024 will start to see the IRS pay or deny their claims, the agency said Thursday. The IRS will start with the highest- and lowest-risk claims.

Senate Republicans blocked a bipartisan tax bill last week that would have moved up the end date of the ERC program to Jan. 31, 2024. While the bill’s ERC provisions are unlikely to become law this year, the measure influenced ...