Work Opportunity Tax Credit Renewed 2025

Work Opportunity Tax Credit Extended for Five Years

Last month, the H.R.133 – Consolidated Appropriations Act, 2021, Covid-19 relief bill passed which has extended the Work Opportunity Tax Credit for five years through December 31, 2025. There were no other changes made to the WOTC program. This is great news for our WOTC customers because it means that they will not have to deal[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: What is the Most Popular Category or Target Group for WOTC?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is the Most Popular Category or Target Group for WOTC? CMS Responds: It’s actually a pretty easy question. SNAP (Supplemental Nutrition Assistance Program/Food Stamps) represents 65% of all the tax credits we get because of people that are[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Which State Issues the Most Amount of WOTC Tax Credits?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: WHICH STATES ISSUE THE MOST WOTC TAX CREDITS? CMS Responds: Actually, it follows our population. The top three are Texas, California and Florida. See the most recent WOTC statistics here. About Our WOTC Screening Services Why you should use[…]

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Work Opportunity Tax Credit Renewed 2025

BREAKING NEWS: Work Opportunity Tax Credit Renewed for FIVE Years!

President Trump signed the H.R.133 – Consolidated Appropriations Act, 2021, Covid-19 relief bill today which has extended the Work Opportunity Tax Credit through December 31, 2025. This is great news for our WOTC customers because they will not have to deal with any hiatus or wait for a renewal. As always we will keep you apprised[…]

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WOTC Authorization Lapse

WOTC Authorization Lapse

The Work Opportunity Tax Credit (WOTC) is set to expire on December 31, 2020, unless reauthorized by federal legislation. The U.S. Department of Labor Employment and Training Administration (ETA) has no indication whether Congress will pass legislation reauthorizing the tax credit for wages paid or incurred after December 31, 2020. Effective January 1, 2021, WOTC[…]

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IRS Issues Transition Relief for Two WOTC Target Groups

IRS Issues WOTC Transition Relief for Summer Youth and Designated Community Resident Target Groups

The IRS issued new guidance on December 11th for the Work Opportunity Tax Credit (WOTC) Transition Relief under Internal Revenue Code § 51. The Notice 2020-78 (PDF), provides transition relief by extending the 28-day deadline for employers to request certification from a designated local agency (DLA) that an individual hired on or after January 1,[…]

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Keeping an Eye on Washington for a Work Opportunity Tax Credit Renewal

Keeping an Eye on Washington for a Work Opportunity Tax Credit Renewal

The Work Opportunity Tax Credit (WOTC) is currently scheduled to expire on 12/31/2020. CMS is keeping a keen eye out for any news on renewal for WOTC. As of 12/3 renewal is still pending. We will alert you as soon as there is an update. Legislative Outlook One of the aspects in favor of the[…]

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iRecruit Veracode Verified Standard Status

Cost Management Services iRecruit Achieves Veracode Verified Standard Status

Achievement with Veracode Verified demonstrates commitment to produce secure software   Farmington, CT 12/1/2020  – Cost Management Services, LLC (CMS) today announced that it participates in Veracode Verified, a program that validates a company’s secure software development processes. With approximately 43 percent of all breaches occurring as a result of a vulnerability at the application[…]

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Senator Rob Portman (R-OH) Calls to Make Work Opportunity Tax Credit Permanent

Senator Rob Portman (R-OH) made an appearance last Friday on the Urban-Brookings Tax Policy Center podcast “Dollars and Sense”. During the podcast the Ohio Senator called for an expansion of the Work Opportunity Tax Credit and for making it permanent, and to update the qualifying categories due to Covid-19. WOTC Would currently expire on 12/31/2020.[…]

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