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๐งโ๐ผ๐ข WOTC Extended Through 2029 Under the OBBBA โ What Employers Should Know ๐ข๐งโ๐ผ
๐งโ๐ผ๐ข WOTC Extended Through 2029 Under the OBBBA โ What Employers Should Know ๐ข๐งโ๐ผ
The Work Opportunity Tax Credit (WOTC) โ a valuable federal incentive that rewards businesses for hiring individuals from targeted groups โ just got a long-term extension under the Opportunity Building Blocks for Business Act (OBBBA).
โ What’s Changed:
- Extension through 2029 โ 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.
๐ฐ Why It Matters:
- WOTC offers up to $9,600 per eligible hire, depending on the employeeโs 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