TAX CREDIT EXTENDED FOR EMPLOYERS WHO HIRE FW: Work Opportunity Tax Credit Extended

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What is WOTC?
See below for Work Opportunity Tax Credit (WOTC) extension details…
WOTC is a Federal tax credit available to employers who hire and retain veterans and individuals from other target groups with significant barriers to employment.
Employers claim about $1 billion in tax credits each year unde
r the WOTC program. There is no limit on the number of individuals
an employer can hire to qualify to claim the tax credit, and there are a few simple steps to follow to apply for WOTC.
Marsha
Marsha Lazarus, MBA
Director of Consumer and Business Outreach
Mental Health Association in N.Y.S., Inc.
194 Washington Ave
Albany, N.Y.  12210
(518) 434-0439 ext 224
www.MHANYS.org
 Mental Health Matters in the Workplace!  


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.
Click here to read more.

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