Make WOTC and Other Credits Refundable
Image of Senator Rob Portman of Ohio According to a recent article published by Law360, some members of Congress are considering making general business tax credits, including the Work Opportunity Tax...
View ArticleSenate COVID Bill Would Expand WOTC Again
Photography by Karolina Grabowska Today, the U.S. Senate released its version of round-two Covid-19 relief. CARES 2.0, officially titled the “American Workers, Families, and Employers Assistance Act,”...
View ArticleDOL Announces WOTC Grant Recipients
The U.S. Department of Labor announced twelve state recipients of $2.5 million in grants to help improve their WOTC programs. WOTC is an acronym for Work Opportunity Tax Credit. Agencies in some...
View ArticleOptimism for Expanding WOTC and Making it Permanent
Last Friday, Senator Rob Portman (R-OH) made an appearance during a webcast hosted by the Urban-Brookings Tax Policy Center. His remarks were optimistic about including a number of tax-extenders in a...
View ArticleWOTC Extended – Five More Years
Photo credit to Jacquelyn Martin/AP (Dusk falls over the Capitol, Monday, Dec. 21, 2020, in Washington) Good news for the WOTC Program! The Omnibus Spending bill signed by President Trump on Sunday...
View ArticleIRS Extends WOTC Deadline by 10 Months for Some Eligible Employees
Great news! The IRS has provided a new grace period extending the deadline for WOTC applications of employees who live in a federal empowerment zone. Two WOTC target groups are affected. Designated...
View ArticleCongress Proposes Big Increase of Work Opportunity Tax Credit
This month, the House Ways and Means Committee released tax proposals that may eventually be included in the massive budget reconciliation bill currently making its way through Congress. For a general...
View ArticleMilitary Spouse Hiring Act Would Expand WOTC Target Groups
United States Senators have renewed an effort to pass the Military Spouse Hiring Act, an expansion of the Work Opportunity Tax Credit or WOTC. This bill would expand WOTC by adding a new target group...
View ArticleIs Your Covid-19 Tax Refund Feeling Abandoned and Lonely?
Don’t cry. We can make it better! Many employers are unaware they are eligible for special tax relief created for the covid-19 pandemic. The covid-19 Employee Retention Credit (ERC) is worth up to...
View ArticleMilitary Spouse Hiring Act – US House Sponsorship Changes Hands
In a press release today, U.S. Representative Don Beyer (D, VA) announced he has assumed primary sponsorship of the Military Spouse Hiring Act. Former Representative Antonio Delgado (D, NY) introduced...
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