Page 19 - Small BusinessTax Credits
P. 19

- Finding work can be a hard for


                                                                 anybody and certain groups face


                                                                 even bigger challenges. The Work


                                                                 Opportunity Tax Credit is


                                                                 extended through the end of 2025


                                                                 to help employers that hire


                                                                 workers certified as members of


                                                                 these groups that face barriers to
        The Work
                                                                 employment:
        Opport unit y Tax
                                                            - People who receive:
        Credit  helps

                                                                   - Long-term family assistance
        businesses t hat                                           - Long-term unemployment


        hire from eligible                                         - Supplemental Nutrition

        groups                                                          Assistance Program benefits


                                                                   - Supplemental Security
                                                                        Income


                     small businesses                              - Temporary Assistance for
                                                                        Needy Families


                                                            - Formerly incarcerated individuals
                                                            - Qualified unemployed veterans,


                                                                 including disabled veterans
                                                            - Designated community residents


                                                                 living in Empowerment Zones or
                                                                 Rural Renewal Counties


                                                            - People referred to vocational

                                                                 rehabilitation programs

                                                            - Summer youth employees living in


                                                                 Empowerment Zones
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