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IS THE EMPLOYEE RETENTION CREDIT CANCELLED??
No. The ERC is not cancelled for those who submitted on or before 12/31/2023. The IRS has paid or is still processing these ERC claims. Are new claims being accepted? Proposed legislation ends acceptance of new ERC claims as of 12/31/2023, if the House and Senate agree, and it is signed into law by the President.
This is Dave Horwedel, Enrolled Agent, and the founder of Torchlight Tax. An Enrolled Agent, EA is the highest federal tax credential. What next? The IRS is still processing and paying ERC claims, but at a slower pace than before. The IRS is currently encouraging taxpayers to withdraw their claims if they do not qualify. See my video: Should I Withdraw my ERC? 
• Should I Withdraw My ERC? Are you worried about your ERC? Contact Torchlight Tax for a free consultation at 1-877-758-7797 or info@torchlighttax.com. An ERC Review, or ERC Audit Defense if you have received an IRS ERC Audit Letter, is available.
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