Allergy practices may have new opportunities to claim theEmployee Retention Credit(ERC) thanks to the Cares 2.0 Act. One provision that applies retroactively to 2020 allows an employer that received a PPP loan also to be eligible to claim the ERC. In addition, the ERC was extended through July 1, 2021 and the credit percentage was increased from 50% to 70%. It also increased the per employee limitation from $10,000 per year to $10,000 per calendar quarter. To qualify in 2021 for the ERC, the employer’s gross receipts for a calendar quarter must be less than 80% of the same calendar quarter in 2019. Practices should seek further information from their tax consultants to determine whether they qualify for the ERC.