12.18.15 |
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WOTC Extension Approved By Congress, President Signs Bill into Law

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President Obama signed the Omnibus Spending Bill H.R. 2029 and the PATH Act (Protecting Americans from Tax Hikes Act of 2015) into law on December 18, 2015, extending the Work Opportunity Tax Credit (WOTC) Program for another five years.  Businesses will now be able to take advantage of WOTC through 12/31/19.

WOTC is a tax incentive program that encourages businesses to hire individuals from certain groups that face employment barriers. These groups have traditionally included Veterans of War (VOW), residents living in Empowerment Zones, and welfare and food stamp recipients, among others. With this bill, lawmakers have added a new category of eligible recipients: the long-term unemployed. This new category will go into effect for employees who start work after December 31, 2015. See our previous post for more information.

Businesses can qualify for a tax credit of up to $9,600 per eligible employee during the first year of employment through WOTC, so it’s important for employers to consider leveraging this opportunity. For more information on how ADP can help you navigate the ins and outs of WOTC, click here.


Learn More About ADP SmartCompliance® Tax Credits
Learn More About ADP SmartCompliance®

The information provided in this blog post is for informational purposes only and not for the purpose of providing accounting, legal, or tax advice.  The information and services ADP provides should not be deemed a substitute for the advice of any such professional.  Such information is by nature subject to revision and may not be the most current information available.

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