WOTC Program (Work Opportunity Tax Credit)

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 and SSI. WOTC gives employers up to $9,600 in tax credits per employee if the employee meets a certain criteria.

Some of the criteria may include:

  • SNAP (food stamps)
  • Veterans
  • Those in disadvantaged or low-income areas.
  • Temporary Assistance for Needy Families (TANF)
  • Felons
  • Long-term unemployed
  • Supplemental Security Assistance (SSI)

Why Participate in WOTC?

1. Do you have Federal Tax Liability?

2. 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

Almost 25% of employees in the U.S. qualify for their employers to receive federal tax credits. Want to know if your candidates are WOTC eligible? Contact us to learn more about this service!

WOTC Video:

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