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Ask A CPA - Tax Law Highlights - 2012

Work Opportunity Credit - 2012

The Work opportunity tax credit (WOTC) is not available except for hiring qualified veterans. The WOTC under Code Sec. 51 generally can't be claimed for an individual who begins work for the employer after Dec. 31, 2011. However, the WOTC continues to be available for employers that hire qualified veterans who began work for the employer before Jan. 1, 2013.

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