Tag: work opportunity tax credit

Work Opportunity Tax Credit incentivizes businesses to hire targeted groups

The Work Opportunity Tax Credit, or WOTC, is a general business credit that is jointly administered by the Internal Revenue Service (IRS) and the Department of Labor (DOL). The WOTC may be claimed by any employer that hires and pays...

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

With many businesses facing a tight job market, the IRS is reminding employers to check out a valuable tax credit available to them for hiring long-term unemployment recipients and other categories of workers with employment barriers. The Work Opportunity Tax...