credit

A valuable tax credit is available to certified businesses that hire long-term unemployment recipients and other groups facing significant barriers to employment. The Work Opportunity Tax Credit, which has been extended through 2025, encourages employers to hire members of 10 targeted groups. Of significant note due to the COVID-19 pandemic, one of these groups is those that have been unemployed for at least 27 consecutive weeks and received unemployment benefits during part or all of that time. The other groups are: Temporary Assistance for Needy Families (TANF) recipients; unemployed