The WOTC is a federal tax credit you can receive for hiring new employees from certain social and economic backgrounds that have significant barriers to employment. You could be missing out on thousands of dollars per year.
The credit is intended to promote diversity and equality in the workplace. Employers can earn a tax credit between $1,200 and $9,600 per employee, depending on the target group the employee is classified as, and the number of hours worked in the first year.
Employees must work at least 120 hours in the first year of employment to receive the tax credit.
Eligibility is determined by hiring employees from the following target groups.
Our process is simple, we provide our clients with an online portal where your employees answer a few questions to determine eligibility.