Work Opportunity Tax Credit

About The Service

The Work Opportunity Tax Credit (WOTC) is a federal program that incentivizes businesses to hire and retain individuals from certain target groups, whom the Department of Labor has identified as facing significant barriers to employment. Employers who hire from these demographics are eligible to claim a dollar-for-dollar reduction of their federal tax liability. The credit is open to any tax paying company in the 50 United States, U.S. Virgin Islands, and Puerto Rico.
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Who Qualifies

The Eligible New Hire categories are listed below along with the maximum credit amount per qualified employee.
Target Groups Maximum Credit (Per Employee)
Veterans $9,600
SNAP (Food Stamp) Recipients $2,400
Ex-Felons $2,400
TANF Recipient $2,400
Long-Term TANF Recipient $9,000
Designated Community Resident $2,400
Long-Term Unemployed $2,400
Vocational Rehabilitation Referral $2,400
SSI Recipient $2,400
Summer Youth $1,200

WOTC

Benefits

  • Receive tax credit for the employees you hire
  • Up to $9,600 in tax credit per qualified employee
  • Employers can screen applicants before hiring
  • Carryforward up to 20 years
  • $1 for $1 reduction of federal tax liability
  • Success-based fee structure: HIREtech won’t get paid until you get credit
  • Our Government Relations team has strong relationships with each State
  • Customized, in-depth reporting is provided
  • We work with your CPA/tax preparer to provide support
  • Highest certification rate in the nation

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