Posts By Work Opportunity Tax Credit Archives

Is Double-Dipping Allowed on ERC, WOTC, and PPP Loan Wages?

Many clients are asking us:  May I use the same payroll for PPP forgiveness, the ERC, FFCRA, and WOTC? Although there is no IRS rule prohibiting you from using the same pay period’s payroll for each of these credit and relief options, your organization must ...
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Rep. Delgado Reintroduces Bipartisan Military Spouse Hiring Act – WOTC

Press Release From US Congressman Antonio Delgado: RHINEBECK, NY – Today, U.S. Representative Antonio Delgado (NY-19), along with Reps. Jimmy Panetta (CA-20), Don Beyer (VA-08), Mike Kelly (PA-16), Cathy McMorris Rodgers (WA-05), and Don Bacon (NE-02) reintroduced the Military Spouse Hiring Act, bipartisan legislation that incentivizes ...
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REPS. SUOZZI, HORSFORD, BEYER, SCHNEIDER, MOORE INTRODUCE LEGISLATION TO HELP DISADVANTAGED POPULATIONS GET BACK TO WORK

Press Release: Legislation would Increase the Amount of the Work Opportunity Tax Credit, a proven tax credit that helps disadvantaged groups find jobs. Today, Representatives Tom Suozzi (D-NY), Steven Horsford (D-NV), Don Beyer (D-VA), Brad Schneider (D-IL), and Gwen Moore (D-WI) introduced legislation that would ...
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ERC – Employee Retention Credit – $19,000 Refundable Tax Credit Per Eligible Employee

Retain your employees—receive a 50% or 70% payroll tax credit! The purpose of the Employee Retention Credit is to encourage employers to keep employees on the payroll, even if they are not working during the covered period due to the effects of the coronavirus outbreak. ...
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WOTC Extended For 5 Years! Great News for Employers!

The Omnibus Spending Bill has now been signed into law finalizing a five-year extension of the Work Opportunity Tax Credit (WOTC) program. The new expiration date for the program is December 31, 2025. The bill also extended the Federal Empowerment Zone program (FEZ) for 5 ...
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WOTC 28-Day Deadline Extended Due To Covid-19

The Department of the Treasury and the Internal Revenue Service (IRS) recently issued Notice 2020-23. In addition to other relief, the notice extends the due date for certain time sensitive acts specified in Revenue Procedure 2018-58, 2018-50 IRB 990. Under the notice, a time sensitive ...
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Tax Alert: Bill to Extend WOTC, IEC, FEZ, and Disaster Relief Signed into Law

The bipartisan spending bill to extend the Work Opportunity Tax Credit (WOTC), the Federal Empowerment Zones Program (FEZ), the Indian Employment Credit (IEC), and Disaster Relief Tax Credits through 2020 has been signed by President Trump and is now law. The extension of these programs, ...
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Tax Extenders Passed By House – Extends WOTC Through 2020

The Taxpayer Certainty and Disaster Tax Relief Act of 2019 extends the Work Opportunity Tax Credit (WOTC) another year, through December 31, 2020. Empowerment Zone tax benefits, which expired in 2017, have been retroactively renewed for 2018, 2019, and 2020. Click HERE to read the ...
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Senate Introduces WOTC Permanency Bill

A bill that would make the Work Opportunity Tax Credit (WOTC) permanent was introduced in the U.S. Senate this week. The bill, called the Work Opportunity Tax Credit & Jobs Act of 2019, was introduced by Senators Roy Blunt (R-MO), Sherrod Brown (D-OH), Ben Cardin ...
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WOTC Hiring Credit Passes Committee Vote In California

We are pleased to report that on August 8th, AB-916 , the bill proposing the state WOTC program, was passed by bipartisan unanimous 7-0 vote in the Senate Governance and Finance Committee. As the bill continues to progress through the committees, including the Senate Appropriations ...
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