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Tag: What Is the Work Opportunity Tax Credit (WOTC)

WOTC Tax Credit iRecruit

What Is the Work Opportunity Tax Credit (WOTC), and How Does It Benefit Employers?

Posted on by iRecruit

The Work Opportunity Tax Credit (WOTC) is a federal tax credit in the United States 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 Read more about What Is the Work Opportunity Tax Credit (WOTC), and How Does It Benefit Employers?[…]

WOTC Tax Credit iRecruit

What Is the Work Opportunity Tax Credit (WOTC), and How Does It Benefit Employers?

Posted on by iRecruit

The Work Opportunity Tax Credit is a Federal tax credit available to employers* to hire and retain individuals from ten target groups with significant barriers to employment. Employers claim billions in tax credits each year under the WOTC program. There is no limit on the number of individuals an employer can hire to qualify to claim Read more about What Is the Work Opportunity Tax Credit (WOTC), and How Does It Benefit Employers?[…]