Work Opportunity Tax Credit Funding Allotments for Fiscal Year 2024

The Employment and Training Administration (ETA) is announcing the availability of additional Work Opportunity Tax Credit (WOTC) funding allotments for Fiscal Year 2024. The funding is available to State Workforce Agencies (SWAs) to administer the WOTC program. The program aims to encourage employers to hire individuals from targeted groups, such as veterans, ex-felons, and individuals with disabilities. The funding will be used to support the administration of the WOTC program, including the processing of certification requests and the issuance of tax credits to employers. Key aspects of the opportunity include: • The total funding available is $3,889,243. • The funding is available to all states. • The application deadline is February 5, 2024. • The funding will be used to support the administration of the WOTC program. • The program aims to encourage employers to hire individuals from targeted groups. • The funding is available for a period of 12 months.