TaxBreak would like to start by wishing you a happy and prosperous New Year! What better way to kick off the new year than with some very exciting news to share with you. A renewal of the Work Opportunity Tax Credit (WOTC) has been included in the fiscal cliff deal just signed into law by the President.
This legislation once again extends WOTC retroactively from January 1, 2012 through December 31, 2013. Also, importantly related to WOTC and extended through 2013 are the empowerment zones, Indian employment tax credit, employer child care tax credit and WOTC veterans provisions enacted in the VOW Act. The legislative language is included HERE.
TaxBreak will continue to keep you informed of any further development regarding tax credits. I would like to thank you at this time for your hard work, commitment and continued support on the extension of WOTC. Your hard work has paid off!
If you have any questions regarding the extension of WOTC, please do not hesitate to reach out to your Client Relations Manager at 1.800.992.0163.
Thanks again and Happy New Year,