WOTC (Work Opportunity Tax Credit)
Pictured: Staci McElyea, Data Receptionist
The Work Opportunity Tax Credit is available to employers to encourage companies to hire employees that belong to one of several “target groups”. Potential certification amounts are for each qualified employee depending upon hours worked and wages earned.
How Does it Work?
- New hires complete forms electronically
- Employer collects certifications
- Potential credit: $2,400 - $9,600 (per employee)
The Work Opportunity Tax Credit is Based on 3 Factors:
- The category of workers hired
- The wages paid to those workers in their first work year
- The hours they work
Up to $9,600
Disabled/ Unemployed Veterans
Up to $2,400
Ex-Felons
Up to $9,600
Food Stamps (SNAP) Recipients
Up to $9,600
Long-Term Family Assistance Recipients
Up to $2,400
Unemployment Benefits Recipient
Up to $2,400
Vocational Rehab Agency Referral
Up to $2,400
Designated Community Residents
Up to $2,400
Supplemental Security Income Recipient
Want to talk to one of our HR Pros to move forward with the WOTC? Click the link below and fill out the form!
WOTC (Work Opportunity Tax Credit) Form