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Work Opportunity Tax Credit | Internal Revenue Service
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers for hiring and employing individuals from certain targeted groups who have faced significant barriers to employment. WOTC joins other workforce programs that incentivize workplace diversity and facilitate access to good jobs for American workers.
WORK OPPORTUNITY TAX CREDIT - U.S. Department of Labor
WHAT IS WOTC? The WOTC is a federal tax credit available to employers who invest in American job seekers who have consistently faced barriers to employment. Employers may meet their business needs and claim a tax credit if they hire an individual who is in a WOTC targeted group.
WOTC 101: What Employers Need to Know About the Work Opportunity ... - ADP
WOTC is a federal tax credit program that allows companies to receive tax credits when they hire individuals from defined target groups who have consistently faced significant barriers to employment. Employers can receive tax credits of up to $9,600 per qualified new hire, depending upon the new hire's WOTC target group.
Work Opportunity Tax Credit | What is WOTC? | ADP
How does the Work Opportunity Tax Credit program work? Taxable employers and qualified tax-exempt companies who hire someone that is a member of a WOTC target group can apply for a general business credit against their income tax. Work Opportunity Tax Credit certification and screening process.
How Does the Work Opportunity Tax Credit Work? - The Balance
The Work Opportunity Tax Credit gives employers incentives for hiring disadvantaged workers. Learn how to screen employees and apply for the credit.
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