Work Opportunity Tax Credit Reauthorized Through 2025

Leslie Bohl

Enacted in 1996, the Work Opportunity Tax Credit (WOTC) is a federal tax credit that eligible employers can claim if they hire eligible individuals who have consistently faced stringent barriers to employment. According to the Department of Labor, “Each year, employers claim over $1 billion in tax credits under the WOTC program. ” Employers can claim […]

Source: Barnes Employment Group