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 with any hiatus period or have to wait for a renewal. WOTC is, and has always been, good for business.

About the Work Opportunity Tax Credit
The Work Opportunity Tax Credit – WOTC – is a federal tax incentive of between $2,400 – $9,600 for businesses to hire individuals from nine target groups that include Veterans, individuals on SNAP benefits, Ex-Felons, and Long-Term Unemployed. Here are the Target Groups:
  1. Qualified Veteran.
  2. Long-term TANF Recipient
  3. Short-term TANF Recipient
  4. Supplemental Nutrition Assistance Program (SNAP) Recipient
  5. Designated Community Resident
  6. Vocational Rehabilitation Referral
  7. Ex-Felon
  8. SSI Recipient
  9. Long-Term Unemployment Recipient

Approximately, 10-15% of all new hires may qualify under one, or more, of the above Target Groups.

About Our WOTC Screening Services

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In over 20 years of providing valuable WOTC Screening and Administration services we’ve saved millions for our customers.

Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.