CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is WOTC Available for Part Time Employees? CMS Responds: “Question we get is ‘Is WOTC applicable for part-time employees?‘ And the answer is absolutely! It’s all based on the number of hours an employee works. So, as a minimum, the[…]
The Work Opportunity Tax Credit, known as #WOTC, is a federal tax credit available to employers who hire individuals from disadvantaged groups of workers. Including WOTC Screening can save an employer significant amounts of money. WOTC Screening is used to determine if a new hire is a member of one of the Work Opportunity Tax[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Question One: How Many Veterans Are Hired Each Year That Qualified for WOTC? CMS Responds: Do you know how many Veterans are hired each year with the assistance of the WOTC program? Well, we do know that answer. It’s actually between 150,000 to 200,000[…]
In 2023 the state of Arizona issued 31,015 Work Opportunity Tax Credit certifications. The Work Opportunity Tax Credit, known as WOTC, is a federal tax credit available to employers who hire individuals from target groups, that include qualified Veterans, individuals on food stamps and more. The Work Opportunity Tax Credit is available throughout the United States, and[…]
CMS Work Opportunity Tax Credit Newsletter November 2024 In this issue: What Can My WOTC Dashboard Show Me? WOTC Wednesday: Is it Worth it for Employers to Use WOTC Tax Credits? Understanding the Work Opportunity Tax Credit’s Target Groups: Qualified Veterans Work Opportunity Tax Credit Statistics Arizona 2023 Work Opportunity Tax Credit Statistics 2023 #ICYMI[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Does Your Software Check the Status of WOTC Applications? CMS Responds: Does your software program allow for checking WOTC Application status? Absolutely. So, with CMS’s services you’re going to get an Administration portal, so we can see how many people[…]
What is “WOTC” or the Work Opportunity Tax Credit? The Work Opportunity Tax Credit is a federal hiring incentive designed to get individuals from ten target groups back into the workforce. 10-15% of all new hires may be eligible. Please join our WOTC subject matter expert Brian Kelly this month to learn about the Work Opportunity[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How many Work Opportunity Tax Credit Target Groups are there? CMS Responds: The Work Opportunity Tax Credit is a federal hiring incentive designed to get folks from target groups back into the workforce. The target groups are: Snap or[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What are the benefits of Switching to Paperless WOTC Screening? CMS Responds: Actually three or four things. Number one we can state that the employer taking advantage of a federal program to initiate jobs and we need their participation. Also,[…]
The Work Opportunity Tax Credit, known as #WOTC, is a federal tax credit available to employers who hire individuals from disadvantaged groups of workers. Including WOTC Screening can save an employer significant amounts of money. WOTC Screening is used to determine if a new hire is a member of one of the Work Opportunity Tax[…]