How to benefit from the Work Opportunity Tax Credit
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Description
Abstract: One strategy that may benefit both a business and its workers is to hire employees from specific “target” disadvantaged groups, thus enabling the business to qualify for the Work Opportunity Tax Credit (WOTC). Scheduled to expire after 2020, the WOTC was recently extended for five years, through 2025, by the Consolidated Appropriations Act. This article discusses the different target groups for whom the WOTC is available.
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