IRS cannot issue a refund that includes the Earned Income Tax Credit or Additional Child Tax Credit (ACTC) before mid-February. Where's My Refund? should show an updated status by February 18 for most early EITC/ACTC filers. The IRS expects related refunds to be available February 28.
Work Opportunity Tax Credit
You may qualify to take the WOTC if you hired or hire individuals that meet these qualifications through 2025:
- is in their first year of employment;
- is certified as being a member of a targeted group; and
- performs at least 400 hours of services for that employer.
The maximum tax credit is generally $2,400. A 25% rate applies to wages for individuals who perform fewer than 400 but at least 120 hours of service for the employer.
Contact us to learn more!
ARE YOU INTERESTED IN A TAX SOFTWARE FOR YOUR BUSINESS?
Just $150 without Training