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Extending Tax Credits for Hiring SSDI Beneficiaries and Disadvantaged Workers until 2030.

This law extends the Work Opportunity Tax Credit (WOTC) for employers until the end of 2030. Crucially, it adds individuals receiving Social Security Disability Insurance (SSDI) benefits to the list of target groups eligible for the credit. This change aims to incentivize businesses to hire people who are returning to the workforce after receiving disability benefits, potentially increasing job opportunities for this group.
Key points
The Work Opportunity Tax Credit for employers is extended for five years, until December 31, 2030.
Employers can now receive a tax credit for hiring individuals who were recently SSDI beneficiaries.
The change potentially increases job opportunities for people transitioning back to work from disability benefits.
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Introduced
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Additional Information
Print number: 119_HR_6524
Sponsor: Rep. Hill, J. French [R-AR-2]