HIRE Act

The HIRE Act proposes to extend and modify the Work Opportunity Tax Credit , a federal tax incentive designed to encourage employers to hire individuals from certain target groups facing significant barriers to employment. Specifically, the bill pushes the credit's expiration date from December 31, 2025, to December 31, 2030 , providing a longer window for businesses to claim these benefits. A key modification is the expansion of eligible target groups to include qualified Social Security Disability Insurance beneficiaries . This means employers hiring individuals certified as receiving disability insurance benefits under Title II of the Social Security Act within 60 days of their hiring date will now be eligible for the credit. These amendments will apply to individuals who begin work for an employer after December 31, 2025, aiming to facilitate the re-entry of disability beneficiaries into the workforce.