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 Credit to Hire Current, Former Foster Youth Reintroduced (Read @ The Chronicle of Social Change)
The congressional effort to provide tax incentives for hiring current and former foster youths has resurfaced, with bills that could be introduced in both chambers as early as today. The Improved Employment Outcomes for Foster Youth Act would provide tax credits of up to $2,400 to employers who hire current and former foster youth between the ages of 18 and 27.

Portman’s bipartisan legislation would provide work opportunities for foster youth (Read @ The Ripon Advance)
U.S. Sen. Rob Portman (R-OH) on May 23 cosponsored a bipartisan bill that would incentivize employers around the nation to hire youth transitioning from the foster care system. Sen. Portman introduced the Improved Employment Outcomes for Foster Youth Act, S. 1651, with bill sponsor U.S. Sen. Bob Casey (D-PA) to amend the Internal Revenue Code of 1986 to include foster care transition youth as members of targeted groups for purposes of the work opportunity credit, according to the congressional record.

[Video] With WOTC, Timing Is Everything! (Watch at iRecruit)
When it comes to the Work Opportunity Tax Credit, WOTC, timing Is everything! You may have heard of the 28 Day Rule. This is a critical factor with WOTC processing. Your WOTC surveys from new hires have to be completed and submitted to the State Workforce Agency/Department of Labor (SWA) within 28 days of the new hire’s start date. One day later and you’ve lost out on a potential tax credit.

Sen. Jacky Rosen: D-Day is a reminder to fight for veterans (Read @ Las Vegas Sun)
The date was June 6, 1944, when U.S. troops landed on the beaches of Normandy. Tens of thousands of brave Americans embarked upon a dangerous and historic mission that would mark the start of a long campaign to liberate Europe from German occupation during the World War II. These Americans stared down certain danger and fought courageously to free the people of France and, later, the continent.

5 credits and incentives that can boost the value of qualified opportunity zone projects (Read @ Orlando Business Journal)
Federal tax reform enacted in 2017 resulted in a program called qualified opportunity zones (QOZs) which enables tax savings through investment in distressed areas. But, did you know that projects and businesses receiving opportunity zone fund investment aren’t precluded from seeking other credits and incentives?

5 Reasons to Consider Hiring Ex-Offenders at Your Small Business (Read @ Value Penguin)
With almost 1.5 million Americans behind bars, there’s a good chance someone in your social circle knows someone who’s been to jail — or has even been incarcerated themselves. But ex-inmates still face a struggle once they’ve been released, especially when it comes to finding a job.

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