What is The Work Opportunity Tax Credit?
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers who hire applicatns from eligible groups with significant barriers to employment. Over $1 billion in tax credits under the WOTC program are claimed by employers across the United States annually. THis income tax credit is beneficial to businesses and employees and also increases America's economic growth and productivity.
This federal program reduces an employer’s cost of doing business and can reduce your federal income tax liability by as much as $9,600 per employee hired. There is no limit on the number of individuals an employer can hire to qualify to claim the tax credit and certain tax-exempt organizations can receive a credit against their share of Social Security taxes by hiring eligible veterans.
Our professionals offer a free review of your area to survey the potential population that would qualify for these credits. There are no upfront fees and there are no setup fees. This is a commission based service; if none of your employees qualify, you pay nothing. You're out no investment other than hiring people you would have hired anyway.