You might be asking, what is WOTC?
The Work Opportunity Tax Credit (WOTC) is a federal tax credit for employers who hire and retain individuals with significant barriers to employment; such as Veterans, long-term unemployed, felons, and others on State assistance programs like SNAP, TANF, & SSI.
Why Participate in WOTC?
Do you have Federal Tax Liability?
Do you have a high percentage of hourly employees?
If you answered YES to either of these questions, you should be screening for WOTC.
Let’s Dive Deeper:
An employer who hires eligible employees in any designated Target Group, qualifies for the credit
WOTC reduces your company tax liability by up to $9,600 per qualified employee
There is no limit to the number of tax credit you can claim
Tax credit earned frees up real company dollars you can use for other programs