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March 8, 2016

Work Opportunity Tax Credit Savings

By taking advantage of the Work Opportunity Tax Credit, CMS can find your organization significant savings.

Between 8-15% of New Hires may fall into one of 10 qualifying categories for WOTC. This can make you eligible to receive a tax credit of between $2,400 and $9,600 depending on the qualifying category.

What is WOTC?

WOTC or Work Opportunity Tax Credit is a Federal tax credit available to employers to hire and retain veterans and individuals from target groups with significant barriers to employment.

Employers claim about $1 billion 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 the tax credit, and there are a few simple steps to follow to apply for WOTC.

 

How can we help?

CMS has been providing administration of this program to employers since 1997. We help qualify new employees through a secure online portal (which can be linked to iRecruit or electronic onboarding processes), we calculate the value of the tax credit for you, based on hours worked and wages earned to make sure you get the maximum tax credit available. Contact us today to find out how much you could be saving!

CMS’s WOTC Administration services is available with or without iRecruit.
*Non-Profits limited to Veteran only categories.

 

REQUEST INFORMATION:

    Company Name: (required)

    Phone:

    If you would like to attend an iRecruit demo, please select the date and time that works best for you from the list below, and click on the Send Your Message button below. (Earlier or later times available on request). *All Times Eastern:

    Select Options (as applicable):

    iRecruit, Applicant Tracking Software
    iRecruit TXT Texting with Applicants
    iConnect Electronic Onboarding Forms
    Requisition Approval Workflow
    Internal and External Requisitions
    Set Up for Multiple Organizations
    HR or Payroll Integration
    Work Opportunity Tax Credit - Webinar on 3/14/2024
    Verified First Background Screening Integration
    Request Quote
    Other

    To help us customize your demo, or provide an accurate quote, please provide the following (optional) information:

    Size of your organization:

    Enter your HR or Payroll System:

    Are you currently using an Applicant Tracking Software?

    If you selected yes, what is the name of your current ATS software?

    Do you have a timeframe for purchasing a new ATS or onboarding solution?

     

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