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EXTENSIONS IN KEY TAX RELATED ITEMS FOR THE STAFFING INDUSTRY

January 7, 2020

EXTENSIONS IN KEY TAX RELATED ITEMS FOR THE STAFFING INDUSTRY

Work Opportunity Tax Credit Extension
The legislation extends the WOTC for one year, through Dec. 31, 2020.

WOTC helps both employers that are experiencing labor shortages, and certain groups of people who need assistance finding jobs; such as the long-term unemployed, the formerly incarcerated, individuals with disabilities, and veterans. Other disadvantaged groups include people living in government-designated rural renewal counties or empowerment zones, and certain welfare-benefit recipients.

Paid Family Leave Tax Credit
The tax extenders bill provides a one-year extension of the federal tax credit for employers providing paid family and medical leave through 2020.

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