Work Opportunity Tax Credit Webinar
By taking advantage of the newly renewed 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.