The Work Opportunity Tax Credit (WOTC) is a federal tax credit designed to incentivize employers to hire employees from certain target groups who have faced significant barriers to employment, such as veterans, individuals on public assistance, and ex-felons.
The “WOTC” credit is available to eligible employers who hire individuals from these target groups and who meet certain requirements.
The amount of the credit is based on a percentage of the first-year wages paid to the eligible employee, with a maximum credit available per qualifying employee of around $2,400. This varies by target group.
How Does WOTC Work with iRecruit?
iRecruit has always offered WOTC screening as part of iRecruit. There are two direct integrated ways to use iRecruit with iRecruit:
- Include Work Opportunity Tax Credit screening with your employment application. The screening questionnaire automatically pops up to the applicant when they submit an application.
- Include Work Opportunity Tax Credit screening with your iConnect, and new hire paperwork. The screening questionnaire is added to the list of forms new hires complete.
You’ll have a Work Opportunity Tax Credit user dashboard linked with your iRecruit account that enables you to view real-time activity, number screened, certified and realized tax credit values.
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