Improve and Enhance the Work Opportunity Tax Credit Act

HR 6833 amends the Work Opportunity Tax Credit (WOTC) to increase benefits for employers hiring from targeted groups. It raises the credit rate from 40% to 50% for qualified wages, with higher limits for veterans (up to $24,000/$48,000 in first/second year) and removes an age cap for Supplemental Nutrition Assistance Program (SNAP) recipients. The bill also adjusts rules for summer youth workers (capping credits at $3,000 annually) and long-term welfare recipients. These changes apply to individuals starting work after December 31, 2023.