Improve and Enhance the Work Opportunity Tax Credit Act

This bill increases the Work Opportunity Tax Credit (WOTC) for employers hiring from targeted groups. It raises the credit rate to 50% for the first $6,000 in wages for most workers, and adds a 50% credit for wages between $6,000 and $12,000 for workers with at least 400 hours of service. For veterans, the wage limits for the credit are doubled (to $12,000 and $24,000), and the bill removes the previous age limit for Supplemental Nutrition Assistance Program (SNAP) recipients. These changes apply to workers hired after December 31, 2024.