IRS Notice 2013-14 authorizes employees eligible for the Work Opportunity Tax Credit under non-VOW Act criteria to be certified by a state workforce agency through April 29, 2013 if they were hired between January 1, 2012 and March 31, 2013. The entire text of the Notice can be found here: http://www.irs.gov/pub/irs-drop/n-13-14.pdf.
work opportunity tax credit
WOTC expansion proposed by President Obama
President Obama is commited to help military veterans enter civilian jobs. His proposal to expand WOTC includes:”The Wounded Warrior Tax Credit will double the existing tax credit for long-term unemployed veterans with service-connected disabilities.Maintain the existing Work Opportunity Tax Credit for veterans with service-connected disabilities (currently the maximum is $4,800).A new credit of 40 percent … Read More