Improve and Enhance the Work Opportunity Tax Credit Act increases wage limitations and credit percentages for certain veterans and removes age limit.
The Improve and Enhance the Work Opportunity Tax Credit Act amends the Internal Revenue Code to increase wage limitations and credit percentages for qualified veterans, particularly those with disabilities and long-term family assistance recipients. It also removes the age limit for qualified nutrition assistance program recipients, making them eligible for the tax credit. The changes apply to individuals who begin work for the employer after December 31, 2024.
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