Saturday just before 2:00 AM Eastern, the Senate voted to pass its version of the Tax Cuts and Jobs Act. The Senate’s bill remains silent on the Work Opportunity Tax Credit (WOTC), which the House version seeks to repeal.
In this circumstance, silence is golden if you prefer that the WOTC program remain in place.
A draft of the proposal was leaked to Bloomberg on Saturday. You can read it here. To satisfy my own skepticism, I searched the 479 page bill for key words that could reference the WOTC program. I also read every instance found in the document of the word “repeal.” It’s clean. None of them refer to the WOTC Program.
The next phase will involve House and Senate appointees getting together to hash out their differences. If you support keeping the WOTC program alive, this is your last opportunity to contact members of Congress about this issue.
Free WOTC Eligibility Analysis
You need information you can act on! Request a free review of your company’s WOTC eligibility.
We’ll research your company’s unique circumstances and eligibility factors. You’ll get a realistic customized estimate of how much tax credit to anticipate.
Let us answer your questions! There is no risk and no commitment.
Begin now! Use the form to request everything you need.