As you may be aware, the Work Opportunity Tax Credit is scheduled to expire on 12/31/2020.
The Law360 Tax Authority blog has recently reported that the renewal Of Tax Extenders (WOTC is part of this package) may have to wait until next year due to the ongoing focus on the Coronavirus pandemic.
A potential expiration does not mean we stop processing WOTC. We encourage all employers to continue screening, within the 28 days of hire, so that you do not miss out on tax credits. Historically, if WOTC is allowed to expire, Congress will authorize retroactive screening which will cover the period of expiry.
Continue Reading @ Law360: Renewal Of Tax Extenders May Have To Wait Until Next Year