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U.S. IRS Announces Relief for Certain Employers Claiming the Work Opportunity Tax Credit

12 August 2021

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Approved Changes

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United States

The U.S. IRS has announced relief for certain employers claiming the Work Opportunity Tax Credit. --- IRS provides relief for certain employers claiming the Work Opportunity Tax Credit IR-2021-168, August 10, 2021 WASHINGTON — The Internal Revenue Service today announced it is providing transition relief to certain employers claiming the Work Opportunity Tax Credit (WOTC). The WOTC is a federal income tax credit available to employers that hire certified members of certain groups specified in the Internal Revenue Code who face significant barriers to employment, including Designated Community Residents or Qualified Summer Youth Employees. The IRS today issued Notice 2021-43,...