A Project of The National Employment Opportunity Network
WOTC saves Federal & State Governments an estimated $202 billion over 10 years
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.
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.
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.
To see all of Dr. Cappelli's studies,
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