Remove 2025 Remove Certification Remove Hiring Remove Screening
article thumbnail

WOTC Program Reauthorized and Extended Through 2025

Trusaic

Earlier this year the federal Work Opportunity Tax Credit (WOTC) program was extended through December 31, 2025. . Department of Labor (DOL), for the fiscal year 2021, state workforce agencies “received $18,485,000 to support the administration of WOTC, which includes certification process and reporting data on a quarterly basis.”

article thumbnail

WOTC Could See New Military Spouse Target Group

Trusaic

HR 2974 , known more commonly as the Military Spouse Hiring Act would amend WOTC to include military spouses as an eligible target group. Employers would then be incentivized to hire spouses of the U.S. WOTC is a simple program and with tools like TaxAdvatange, is even simpler to integrate into your hiring process.

Groups 130
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Empower A Diverse Workforce With The Work Opportunity Tax Credit Program

Trusaic

Diversify your workforce with WOTC The WOTC program incentivizes organizations to hire economically-disadvantaged individuals by reducing their tax obligations each year. Hiring individuals from the SNAP target group can earn employers up to $2,400 per employee. Each group gets a different amount as well.

Diversity 130
article thumbnail

IRS Releases WOTC Transition Relief for Select Employers

Trusaic

IRS Notice 2021-43 extends the typical 28-day time frame for submitting a certification request to a designated State Workforce Agency (SWA). In addition, the IRS notice addresses the fact that many employers may have received denial letters regarding certifications during this time and as result is providing transition relief.

article thumbnail

Employers Should Continue with the Work Opportunity Tax Credit Despite Hiatus

Trusaic

If there is a WOTC hiatus in the future, employers should continue to screen candidates in preparation for the program being restored and tax credits being allowed by the IRS to be applied retroactively. million WOTC certifications, representing billions of dollars in federal tax credits. Here is an example.

article thumbnail

Everything you Need to Know About The Latest WOTC TEGL

Trusaic

The purpose of the TEGL is to “provide updated procedural guidance to state workforce agencies (SWA) on the WOTC certification process.” The TEGL makes clear that “SWAs must apply this guidance to all certification requests including any ‘backlog’ unprocessed certifications requests that were submitted for previous years.”.

article thumbnail

Work Opportunity Tax Credit Program Extended Until 2025

Zenefits

Did you know that you can receive a federal tax credit by hiring people from certain marginalized groups? This credit is known as the Work Opportunity Tax Credit ( WOTC ), which is available through 2025. contains a provision that extends the WOTC program through December 31, 2025. WOTC background. Stimulus 2.0 Results Vote.