The US Senate has passed a new multi-tier expansion of the WOTC program for several categories of veterans. The bill is expected to pass in the House next week. Credit amounts will range from the standard $2,400 to over $9,000.
These new categories will have an expiration date of 12/31/2012. The bill did not extend the base WOTC program beyond its current 12/31/2011 expiration date. The expectation is that this will be addressed in a broader tax extenders bill, but it is not clear if this will be handled before the end of the year.