First Advantage to Acquire Sterling Check Corp. for $2.2 Billion in Cash and Stock. Learn More

First Advantage

Tax Alert: Newly Finalized Spending Bill Would Extend WOTC for Five Years

The spending bill that is being voted on in Congress in the coming hours contains extensions of important federal tax incentive programs, including five-year extensions of the Work Opportunity Tax Credit (WOTC) program and the Federal Empowerment zones program (FEZ).

The Indian Employment Credit (IEC) would be extended for one year, and Disaster Relief Employee Retention Tax Credits would become available for employers in eligible disaster zones for all of 2020 and through 60-days post enactment of this bill.

The bill is anticipated to pass both chambers, be signed by the President, and become law very soon.

The extensions of these programs is a huge victory for our clients and the important programs that they rely on, and we look forward to continuing to partner with you to ensure that you are utilizing all available tax credit programs.

If you have any questions on the programs discussed in this alert and how they might impact you, please contact your First Advantage Tax Consultant or your legal counsel.

Thank you, and Happy Holidays from First Advantage!

Background Check Resources

Trustworthy information to assist you with strategies that empower business growth, enlighten leadership and help you face the future with confidence.

Now Available!

2023 Trends Report Reveals Latest Insights

About First Advantage

Along the applicant journey and beyond, leading HR teams around the globe rely on First Advantage for screening, verifications, safety, and compliance. Striking the balance between tech and people, our innovations help you Hire Smarter and Onboard Faster.
People are at the Heart of Everything We Do

First Advantage is committed to environmental, social, and corporate governance initiatives.