Posted On: February 10, 2011
Other Business Credits and Extenders
The popular research tax credit expired in 2009. The 2010 Tax Relief Act retroactively reinstates this credit to January 1, 2010 and will extend throughout 2011. The Joint Committee of Taxation estimates the cost will be $13.3 billion. The Work Opportunity Tax Credit was set to expire August 31, 2011. This provision, which is now set to expire at the end of 2011, gives employers credits up to $2,400 per qualified employee.
If you have any questions or would like more information, please contact Wood, Atter & Wolf, P.A., in Jacksonville and Ponte Vedra Beach, Florida.
