Employers have until Oct. 17 to take advantage of a popular federal tax credit program that has added two new categories of workers – unemployed veterans and disconnected youth – to the list of groups that qualify employers for tax credits.
The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to private-for-profit employers who hire from specific targeted groups that have experienced difficulty in securing employment. The American Recovery and Reinvestment Act of 2009 (Recovery Act) expanded eligibility to employers who hire workers from the two new targeted groups and employ them during 2009 or 2010.
Continue Reading Recovery Act expands work opportunity tax credit