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Work Opportunity Tax Credit Extended

January 18, 2013 by YTI Web

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Work Opportunity Tax Credit Extended

On January 3, President Obama signed into law the American Tax Payer Relief Act of 2012, which authorizes an extension of the WOTC program until December 31, 2013. The law also continues authorization of all veteran target groups (including those implemented under the VOW to Hire Heroes Act) and retroactively reauthorizes all WOTC non-veteran target groups, including individuals with disabilities. The Employment and Training Administration (ETA) will be issuing forthcoming guidance on the new legislation.

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