Several key tax credits were extended and created by the Taxpayer Certainty and Disaster Tax Relief Act of 2019, signed into law by the President on December 20, 2019. These federal tax credits encourage employers to hire and retain individuals who face hiring barriers (Work Opportunity Tax Credit (WOTC) and Indian Employment Credit), conduct business and invest in distressed areas (New Markets Tax Credit, Federal Empowerment Zone incentives), and provide employees paid family and medical leave and continue to pay employees during and in the aftermath of major disasters (2018-2019 Disaster Zone Credit). These credits can mean substantial potential savings for taxpayers.
Join us to hear our team of Ernst & Young LLP professionals discuss important developments regarding these federal business tax credits.
We will explore the following topics:
This is an interactive webcast and we encourage you to ask questions.