Every Wednesday we answer your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can employee be referred by more than one agency for Work Opportunity Tax Credit? CMS Responds: Qualifying new hires may ”technically” be eligible for more than one target group. However, a state workforce agency will only issue certification for[…]
CMS Work Opportunity Tax Credit Newsletter January 2025 In this issue: WOTC Wednesday: A Look Back at the Top Five #WOTCWednesday Posts of 2024 Understanding the Work Opportunity Tax Credit’s Target Groups: Designated Community Resident Work Opportunity Tax Credit Statistics Tennessee 2023 Work Opportunity Tax Credit Statistics 2023 #ICYMI A Look Back at the Top[…]
Every Wednesday we answer 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[…]
Happy New Year from everyone at CMS and iRecruit! Wishing a safe and Happy New Year to all our customers, business partners and friends! Our goal for 2025 is to continue to provide you with the best possible service and to continue to improve on our support and services by listening to your feedback[…]
Happy New Year! At this time of year we like to take a look back at some of our most popular blog posts of the year. So here is this year’s list of the top CMS WOTC blog posts of 2024! WOTC Wednesday: Are employees eligible if they check more than one box on the[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. This week we’re taking a look back at five of the most common questions we get about the Work Opportunity Tax Credit. Question One: What Is the Work Opportunity Tax Credit? CMS Responds: The Work Opportunity Tax Credit is a federal hiring incentive[…]
Season’s Greetings and Happy Holidays from Cost Management Services! May your days be filled with peace, hope, and joy this holiday season! Thank you for your business and support in 2024! Let’s look forward to an amazing 2025! Our offices will be closed on Wednesday, December 25th in observance of Christmas Day. Additionally, we will[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Why Use a WOTC Screening Service Instead of Doing It Yourself CMS Responds: Why should I use a WOTC screening service like yours, obviously CMS’s, when I can do it myself? The reason why you’d choose us is because it’s[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I get a report on how many people were qualified for WOTC? CMS Responds: Absolutely, so you can see how many people surveyed, how many people qualified, how many people are certified by the State (Workforce Agency), and then[…]
In 2023 the state of Tennessee issued 47,772 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[…]