Enhances the Work Opportunity Tax Credit to encourage hiring of targeted workers.
The bill amends the Internal Revenue Code to improve and enhance the Work Opportunity Tax Credit. It increases the credit for qualified first-year wages, modifies the credit for long-term family assistance recipients, and removes the age limit for qualified Supplemental Nutrition Assistance Program benefits recipients. The changes apply to individuals who begin work for the employer after December 31, 2024.
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- Overview
- Core Provisions
- Implementation
- Impact
- Legal Framework
- Critical Issues
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