DOL Prepares for Continuation of Tax Credit

The Employment and Training Admin. (DOL) wants to extend the application process for the Work Opportunity Tax Credit program through June 30, 2018. The forms used to apply for the tax credit expire on June 30.

WOTC is a federal tax credit available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. These include veterans, TANF and SNAP recipients, ex-felons and the disabled. The goals of the tax credits are to incentivize workplace diversity and facilitate access to good jobs for American workers. State workforce agencies (SWAs) process these requests and issue employers the final determination that a new hire is in one of the nine target groups, which employers then use to claim the tax credit to the IRS.

Keep in mind: Since its enactment, this program has experienced a series of authorization lapses and retroactive reauthorizations by Congress. Currently, the authorization for the program has expired, thus the tax credit won’t be available for hires in this calendar year unless Congress acts to reauthorize it. Chances of its reauthorization via legislation in this congressional session are good, however, given its bipartisan support.

Contact: Carmen Ortiz, ortiz.carmen@dol.gov

About Frank Klimko

Frank Klimko is a nationally known journalist, grants expert and speech writer/speaker. He has years of experience helping nonprofits devise lists of the right funding opportunities and secure funding from these foundations and corporate entities. Clients have focused on an array of areas including child care, homeless, hunger and K-12 education. Additionally, he is a Freedom of Information Act expert, who has helped numerous clients with securing proprietary information from the federal government. Currently, Frank Klimko writes the Children & Youth Funding Report and Private Grants Alert, which are Washington DC-based publications. CYF is a daily publication covering Congress, the Education Dept. and the various federal regulatory agencies. PGA, another daily publication, covers the world of private philanthropy.
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