Tag: work opportunity tax credit
Work Opportunity Tax Credit incentivizes businesses to hire targeted groups
The Work Opportunity Tax Credit (WOTC) is a business credit jointly administered by the IRS and the Department of Labor (DOL). Employers can claim the WOTC if they hire individuals certified by a designated local agency as belonging to one...
The benefits of hiring veterans
It's a good business decision to hire veterans as studies have shown that veterans are more productive and have higher retention rates. The Institute for Veterans and Military Families (IVMF) published this titled brief which draws from academic literature to...
Tax credit can help employers hiring new workers
The IRS encourages employers to utilize the Work Opportunity Tax Credit (WOTC) to incentivize hiring workers facing significant employment barriers. The credit supports employers who hire individuals from specified categories, such as long-term unemployment recipients and veterans. Recent legislative changes...