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9061 2024 Form: What You Should Know

E., high-need, poor-impaired, etc.).  You can download and use it or, if your state requires it (New York, Maine, Maryland), you can submit the request online. This pre-screening, if necessary, ensures employment applicants have the most up-to-date information needed in order to make a fair assessment of their  character and qualifications for employment. The IRS uses the Social Security Administration Social Security Number (SSN) to match Employer and Job Applicant for the purposes of the Pre-Screening Credit (for more information, please see Social Security Number Information, Qualifications and Screening). Qualifying Employment Applicants for the Work Opportunity Tax Credit : The Pre-Screening and Employment Screening Requirements apply to both low income and moderate income individuals. An applicant for tax credits must have a valid SSN and an existing, qualifying job. All applicants who meet the requirements for the Work Opportunity Tax Credit are notified in writing of their eligibility. The pre-screening and employment screening requirements will be completed and a statement made (to the extent the employer determines sufficient information) after each applicant has been notified of eligibility. Work Opportunity Tax Credit The Tax Cuts and Jobs Act was signed into law for 2024 on January 2, 2018. It eliminates the work opportunity tax credit (a.k.a. wage credit). It replaces that credit with a new 1,500 tax credit in 2018 and a 2,000 tax credit in 2019, replacing what's known as the tax credit for hire of an AmeriCorps work activity. The new credit is not taxable, except for certain individuals with higher annual incomes, and is nonrefundable. This means the tax credit is not refundable or take-it-or-leave-it and will cease at the end of the year. The credit cannot be purchased by individuals with tax liability in excess of one third of their modified adjusted gross income. The Tax Cuts and Jobs Act extends the end of the pre-tax income tax cut in 2019 — from 2024 to 2019. A refundable tax credit for pay of employment expenses (which also includes the Work Opportunity Credit) that provides up to 1,500 in tax relief to individuals who meet certain income eligibility requirements will be available through the end of 2018.

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