Tax Extenders Bill Includes Extension of Work Opportunity Tax Credit and Federal Empowerment Zone Job Credit

Dec 22, 2015, 16:04 ET from Ryan, LLC

DALLAS, Dec. 22, 2015 /PRNewswire/ -- On Friday, December 18, 2015, President Barack Obama signed into law the Protecting Americans from Tax Hikes (PATH) Act of 2015. This bill extends the Work Opportunity Tax Credit (WOTC) for five years (from January 1, 2015 through December 31, 2019). In addition to the extension of the program, a new eligibility category has been added. "Long-Term Unemployed" is a new eligible category, defined as an individual unemployed for not less than 27 weeks and received unemployment compensation under state or federal law.

The bill also extends the Federal Empowerment Zone Job Credit through 2016 for businesses that reside in a Federal Empowerment Zone. The program allows for a credit of up to $3,000 per qualified employee and resident in a Federal Empowerment Zone.

About Ryan
Ryan is an award-winning global tax services firm, with the largest indirect and property tax practices in North America and the seventh largest corporate tax practice in the United States. With global headquarters in Dallas, Texas, the Firm provides a comprehensive range of state, local, federal, and international tax advisory and consulting services on a multi-jurisdictional basis, including audit defense, tax recovery, credits and incentives, tax process improvement and automation, tax appeals, tax compliance, and strategic planning. Ryan is a three-time recipient of the International Service Excellence Award from the Customer Service Institute of America (CSIA) for its commitment to world-class client service. Empowered by the dynamic myRyan work environment, which is widely recognized as the most innovative in the tax services industry, Ryan's multi-disciplinary team of more than 2,100 professionals and associates serves over 12,000 clients in more than 40 countries, including many of the world's most prominent Global 5000 companies. More information about Ryan can be found at

Logo -


Allea Newbold

Matt Lowell