If you have taken any payroll tax credits under the Families First Coronavirus Response Act (the sick and family leave credit) or the CARES Act (Employee Retention Credit), and you're a full-service payroll customer, you may find the Payroll Tax Credit Report helpful to determine what credits you have used and what credits are remaining.
Accessing the Payroll Tax Credit Report
To access the Payroll Tax Credit Report, go to:
Reports > Payroll Tax Filings > Payroll Tax Credit Report
Reading the Summary View
The summary for each credit period is displayed with the most recent credit period on top. Each summary includes:
The tax name — "Federal" is inclusive for all federal income, Social Security, and Medicare taxes
Earned tax credits
Used tax credits
Remaining tax credits
Start of the credit period (quarter beginning date)
End of the credit period (quarter end date)
Viewing Detailed Information
Want more detailed information? Click the details icon to the right of the report to expand the details of each summary date.
The detailed view will also give you the status of each payroll tax credit. Here is what each status means:
Outstanding — The tax credit has a remaining balance which you will be eligible to receive.
Credited — The tax credit has no remaining balance. It has been fully applied by other payroll liabilities.
Voided — The tax credit was voided due to a voided payroll.
Refund requested — A credit has been requested by filing IRS form 7200 in the software.
Closed — The tax credit was closed due to the cancelation of your Patriot account. You'll need to file for any 'closed' credits on your own.