December 26, 2019 Tax Alert: Bill to Extend WOTC, IEC, FEZ, and Disaster Relief Signed into Law
The bipartisan spending bill to extend the Work Opportunity Tax Credit (WOTC), the Federal Empowerment Zones Program (FEZ), the Indian Employment Credit (IEC), and Disaster Relief Tax Credits through 2020 has been signed by President Trump and is now law.
The extension of these programs, and the $2.5 million increase in WOTC funding for 2020, are huge victories for our clients and these important programs that they rely on.
We look forward to continuing to partner with you to ensure that you are aware of and utilizing all of the benefits available in tax credit programs. If you have any questions on the programs discussed in this alert and how they might impact you, please contact your WOTC.com Tax Consultant or your legal counsel.
Thank you and Happy Holidays, from WOTC.com!