🧑‍💼📢 WOTC Extended Through 2029 Under the OBBBA – What Employers Should Know 📢🧑‍💼
The Work Opportunity Tax Credit (WOTC) — a valuable federal incentive that rewards businesses for hiring individuals from targeted groups — just got a long-term extension under the Opportunity Building Blocks for Business Act (OBBBA).
✅ What’s Changed:
• Extension through 2029 – Previously set to expire at the end of 2025, the credit is now locked in for four more years.
• This gives employers more runway and confidence to integrate WOTC into ongoing hiring strategies.
💰 Why It Matters:
• WOTC offers up to $9,600 per eligible hire, depending on the employee’s background and hours worked.
• Applies to veterans, SNAP recipients, long-term unemployed individuals, and more.
• Especially valuable in high-turnover or entry-level roles where qualifying hires are common.
Consider reviewing onboarding processes to ensure WOTC screening and certification steps are built into your HR systems. Four years of additional savings is not something to leave on the table.
#WOTC #CPA #OBBBA #TaxCredits #EmployerIncentives #WorkOpportunity #HiringCredits #BusinessTaxPlanning #InclusiveHiring #TaxStrategy

Video Script
Big news for employers! The Work Opportunity Tax Credit has been officially extended through 2029. That’s four extra years to take advantage of a federal incentive that can put up to $9,600 back in your pocket per qualifying hire. Eligible groups include veterans, SNAP recipients, long-term unemployed, and more. If you hire in high-turnover or entry-level roles, this is a great opportunity. Integrate WOTC screening into your onboarding so you don’t miss out. More runway. More savings. More reason to act now. This has been a tax saving tip from Accounting Solutions, book a time to learn more.

Disclaimer: This content is provided for educational purposes only and is not legal, tax, accounting, or financial advice. Every situation is unique, so consult your own attorney, CPA, or financial advisor before making decisions based on this information.