CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit.
Today’s WOTC Wednesday question: How far back can we look back for Work Opportunity Tax Credits?
CMS Responds: One of the questions we get is “We have tax credits, but how far back or how forward can we go with these WOTC Tax Credits? WOTC Tax Credits are actually under the General Business taxation law, so you can actually carry back those tax credits for up to one (1) year, and if you want to, you can actually carry them forward up to twenty years.
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