Work Opportunity Tax Credit In The News

Keep up-to-date with the Work Opportunity Tax Credit with these recent news articles about WOTC:

Tax Writers Hope to Address Tax Extenders Before they Expire at the end of 2019, Including the Work Opportunity Tax Credit
Bloomberg reports that Lawmakers returning from recess will begin working on the contours of a tax package that they hope to pass by the end of the year. This includes the Work Opportunity Tax Credit.

Washington Has their Eyes on the Work Opportunity Tax Credit (WOTC)
Both the House and the Senate have shown a strong interest in the Work Opportunity Tax Credit this year, and as of August 23rd there are a total of 17 bills that pertain to WOTC.

Work Opportunity Tax Credit Statistics 2018
The latest statistics for the Work Opportunity Tax Credit show that 2.2 million total Work Opportunity Tax Credit certifications were issued in 2018. Over 66% of those credit were for individuals who had been on SNAP benefits.

WOTC Questions: Is there any way to qualify for the WOTC if the employee was hired over 28 days ago?
CMS Says: Unfortunately no. The WOTC 28-Day Rule applies. You must submit all WOTC applications within 28 days of the new hire’s start date, or they will not qualify. There are very few rare exceptions.

Start Saving Today!

CMS has provided Work Opportunity Tax Credit Screening Services since 1997. Call 800-517-9099 to find out how to get started immediately, or contact us here.

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