Legislation Proposes Extending WOTC 

August 1, 2019 Robert Sheen

Legislation Proposes Extending WOTC
Legislation Proposes Extending WOTC

Congress is considering bills that would again extend the Work Opportunity Tax Credit (WOTC) through December 31, 2020.

The U.S. House of Representatives is considering bill H.R. 3301, which extends several expired or expiring tax breaks through 2020, including WOTC.

U.S. Senate bill S. 978 and House bill H.R. 2213. also have been introduced in Congress proposing to make WOTC permanent.

Another bill has been reintroduced in the House that would make the tax credits obtained through WOTC for hiring veterans permanent. The VOW to Hire Heroes Extension Act of 2019, H.R. 3550, would permanently extend WOTC to encourage businesses and non-profits to hire unemployed and disabled veterans.

Employers should note that military veterans are the only target group that allows both profit and non-profit organizations to earn tax credits.

According to the U.S. Department of Labor , about $1 billion in tax credits are claimed through WOTC annually. Organizations can earn up to $9,600 per qualified candidate.

Employers that aren’t participating in the WOTC program are missing out on increasing their bottom line while helping their communities. Get started with WOTC now.

Previous Article
Florida Launches Revamped Online WOTC Portal
Florida Launches Revamped Online WOTC Portal

The launch of a revamped online platform by the state of Florida is making it easier for employers to obtai...

Next Article
This Trifecta of WOTC Services Will Increase Your Certifications
This Trifecta of WOTC Services Will Increase Your Certifications

The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers who hire individuals ...


Get full access to this resource

Phone Number
First Name
Last Name
Company Name
Thank you
Error - something went wrong!