Tax Tip: Work Opportunity Tax Credit Extended Through 2019

August 18th, 2017

picTake advantage of this recent extension to reduce your federal tax liability. Eligibility is based on hiring employees from specific target groups facing barriers to employment, such as:

  • Veterans
  • TANF recipients
  • Ex-felons
  • SNAP (food stamp) recipients
  • Designated community residents (living in federal zones and/or renewal communities)
  • Vocational rehabilitation referrals
  • Supplemental security income recipients
  • Summer youth employees (16 or 17-year-olds residing in Empowerment Zones)
  • Long-term unemployed (new in 2016)*

*Individuals certified by a designated local agency as enduring a period of unemployment of at least 27 consecutive weeks in which he or she received state or federal unemployment wages.

Maximum Credit Available:

  • SNAP recipients — $2,400
  • Disabled veterans-    Hired one year from leaving service — $4,800
    –    Unemployed at least six months — $9,600
  • Unemployed veterans  –    At least four weeks — $2,400
    –    At least six months — $5,600
  • All other WOTC target groups — $1,200–$9,600

Let us know if you have any questions.

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