S 492 · 119th CongressIn Committeecongress.gov ↗

Improve and Enhance the Work Opportunity Tax Credit Act

What this bill does

AI plain-language summary

This bill makes changes to a tax credit that employers can get when they hire workers from certain targeted groups. It increases the percentage of wages employers can claim from 40% to 50% and raises the maximum wage amounts that count toward the credit for employees who work at least 400 hours in their first year. The bill also removes the upper age limit for workers receiving food assistance (SNAP benefits), so employers can now claim the credit for hiring SNAP recipients who are 18 or older, regardless of how old they are.

Introduced

February 10, 2025

Policy Area

Taxation

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