Get up to $9,600 per employee with Work Opportunity Tax Credits, that support diversity and provide new opportunities.
What is the Work Opportunity Tax Credit? The Work Opportunity Tax Credit (WOTC) is a federal credit that's available to employers that support diversity in the workplace via the hiring of select target groups and minority workers. The amount of the tax credit depends on which group that the worker belongs to, along with qualified wages paid per the number of hours worked. Employers that qualify as taxable can claim WOTC credits for one year previous and up to 20 years after the current year.
We offer fully compliant tax credit filing services. Retrieve up to $9,600 with our team of compliance experts. We'll even make sure that you're not missing out on other tax credit filings like Employee Retention Credit (ERC) and Research & Development (R&D) while you're filing for WOTC.
Not sure if you're eligible to file for the WOTC?
The IRS has a select group of target groups and minorities that help your business qualify such as:
Ex-felons who have been released within the last 12 months
Recipients of benefits from Title IV of the Social Security Act (SSA)
Veterans who have served over 180 days or were discharged sooner because of a service-connected disability
Summer youth employees between the ages of 16-18 who are employed from no longer than May 1st to September 15th
Applicants who qualify for supplemental security income (SSI) benefit
Individuals who are long-term family help recipients or require temporary help for needy families (TANF)
Designated community residents living in empowerment zones or rural renewal counties.
Individuals who partake in SNAP under the Food and Nutrition Act of 2008
A qualified long-term unemployment recipient
Individuals referred after completing a rehabilitation program