Bill > HR6524

This bill, known as the HIRE Act (Helping Individuals Rejoin Employment Act), extends and modifies the Work Opportunity Tax Credit (WOTC), which is a federal tax incentive that encourages employers to hire individuals from certain target groups facing barriers to employment. Specifically, the bill extends the WOTC from December 31, 2025, to December 31, 2030, and adds a new target group: Social Security Disability Insurance (SSDI) beneficiaries. Under the new provision, employers who hire individuals certified as receiving SSDI benefits within 60 days prior to their hiring date will be eligible for the tax credit. This means that employers can receive a tax credit for hiring SSDI beneficiaries, which could help incentivize employment opportunities for people with disabilities and potentially assist them in rejoining the workforce. The changes will take effect for individuals hired after December 31, 2025, giving employers an extended period to take advantage of this tax credit and potentially support employment for a broader range of job seekers.

Budget and Finance

https://www.congress.gov/bill/119th-congress/house-bill/6524/all-info