Work Opportunity Tax Credit

WOTC

Background

Enacted in 1977 as the Targeted Job Tax Credit (PL 95-30), this Act was renewed in 1996 by the Work Opportunity Tax Credit Act. (PL 104-188). The Act rewards companies for hiring “economically disadvantaged” and “hard to hire” individuals.

Any business can earn WOTC tax credits by hiring individuals who fit one of the program’s target groups such as veterans, disabled persons and persons who have received food stamps.

Employee applicants are screened to see if they qualify. If they do, employers can earn up to $9,600 in federal tax credits per hired employee. WOTC income tax credits can be applied quarterly and annually against federal income tax liability and unused credits can be carried forward 20 years, or carried back one year.

 

How can WOTC help business?

WOTC stimulates business & community growth.

Business Challenges:

Application

On-Boarding

Verification

Qualification

Receipt & Processing of Credits

Our Process:

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Call Center

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Web

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Mobile

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Analysts

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Compliance

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Screening

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Client Relationship

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Tax Credits and Profitability

Our Results:

We have empowered over 1,500 businesses with $50 million in credits, employing over 100,000 individuals.

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