Work Opportunity Tax Credit Requires Action Now!

A Project of The National Employment Opportunity Network

 



Recent Updates on WOTC

2020 UPDATES

Congress issues an employee retention tax credit in response to COVID-19 lasting from March 12, 2020 until December 31, 2020.

House passes enhancements to the employee retention tax credit.

2019 UPDATES

Congress Passes a One-Year Extension of WOTC Through December 31, 2020:

> Extends the Indian Employment Credit from January 1, 2018 through December 31, 2020;

> Extends the Empowerment Zone hiring incentive from January 1, 2018 through December 31, 2020;

> Enacts a disaster relief retention credit from January 1, 2018 through December 31, 2020;

> Increases WOTC funding for Fiscal Year 2020 by $2.5 Million.


What's New

Dr. Peter Cappelli's Podcast

Dr. Peter Cappelli, Professor at the Wharton School of Business, has produced a podcast on the Work Opportunity Tax Credit (WOTC). Throughout the podcast, which runs about 14 minutes, Dr. Cappelli discusses the continued benefits and cost-effectiveness of the program. Click here.

To see all of Dr. Cappelli's studies, click here.