Tax Extenders Renewed | WOTC Program and Other Extenders Renewed

On Friday, December 18, 2015, President Obama signed into law H.R. 2029 – Consolidated Appropriations Act, 2016. This measure is the vehicle for the Consolidated Appropriations Act, 2016 and the Protecting Americans from Tax Hikes Act of 2015, in which the tax extenders have been renewed for various periods and, in some cases, expanded.

The compromise legislation included both the $1.1 trillion omnibus spending bill and the $622 billion for the tax extenders.

Within the legislation is a five-year renewal of the Work Opportunity Tax (WOTC) Program, with a retroactive start date of January 1, 2015 through December 31, 2019. Also included in the renewal of the WOTC Program is an expansion in which a new target group has been added to the existing … Click here!