The IRS has recently granted an extended deadline to eligible employers who are planning to claim the Work Opportunity Tax Credit (WOTC). Employers now have until June 29, 2016 to file a form necessary to claim the credit for certain eligible workers.
The Protecting Americans from Tax Hikes Act of 2015 (the PATH Act) extended the WOTC through 2019. The credit is for employers that hire individuals who are members of a “target group.” The PATH Act also expanded the credit beginning this year to apply to employers that hire qualified individuals who have been unemployed for 27 weeks or more.
Read more from OMA Connections Partner, Clark Schaefer Hackett.