10. Work opportunity credit
Another tax credit similar to the disabled access one is work opportunity credit. This one too is available to small businesses. Thankfully for those businesses that want to take advantage of this tax break, the Taxpayer Certainty and Disaster Tax Relief Act of 2020 said that the work opportunity credit is extended until Dec. 31, 2025.
So, if you own a business and you want to hire individuals who had a hard time finding a job due to several reasons such as a disability, Uncle Sam supports workplace diversity, offering a work opportunity credit to you. Check the IRS website to find out more about this Federal tax credit.
Read also: 14 Nice-try Tax Breaks Rejected by Uncle Sam
