CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit.
Today’s WOTC Wednesday question: What Is the Work Opportunity Tax Credit?
CMS Responds: The Work Opportunity Tax Credit is a federal hiring incentive designed to get folks from 10 targeted groups back into the workforce. The financial incentive is between $2,400 and $9,600 depending on the target group the person falls into. Based on CMS’s 25+ years experience we know that between 10-15 percent of new hires qualify for the WOTC program.
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