The IRS has made it clear: the sun is setting on the Employee Retention Credit, and businesses that claimed it—or plan to amend past filings—need to tread carefully. The Employee Retention Credit 2025 update signals a shift in focus: with the filing window closed and a surge in enforcement activity, 2025 is shaping up to be the year of audits, repayment demands, and compliance pressure.
Here’s what employers should be watching now to avoid headaches or worse later.