"Because the statutory definition of qualified health expenses under the [employee retention credit (ERC)] matches the definition under FFCRA, the new IRS guidance largely mirrors the IRS guidance on 'qualified health plan expenses' under FFCRA ... Similar to the FFCRA credits, employers claim ERC credits on their quarterly payroll tax returns.... Qualifying health expenses include not only major medical coverage, but also dental and vision coverage and any other benefit to which the COBRA continuation rules would apply."

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