CMS Work Opportunity Tax Credit Newsletter March 2025 In this issue: Update to WOTC Administration Portal WOTC Wednesday: Is it Worth it for Employers to Use WOTC Tax Credits? CMS Pin Point WOTC Technology (CPPT) Understanding the Work Opportunity Tax Credit’s Target Groups: Summer Youth Employee Work Opportunity Tax Credit Statistics Georgia #ICYMI Update[…]
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 WOTC Tax Credit for Hiring Former Employees? CMS Responds: Can I get a tax credit for hiring former employees? The answer is no. The WOTC Tax Credit is designed to bring new employees back into the[…]
Rep. Lloyd Smucker (PA-11) has reintroduced H.R.6833 – Improve and Enhance the Work Opportunity Tax Credit Act to build the U.S. workforce and help connect individuals to good jobs. The bill will strengthen the Work Opportunity Tax Credit (WOTC), which has a proven track record of helping disadvantaged individuals secure employment. Smucker has introduced the legislation in[…]
Every Wednesday we answer your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What Is the Minimum Wage for the Work Opportunity Tax Credit? CMS Responds: There is no specific minimum wage related to the Work Opportunity Tax Credit. So, it would be whatever the minimum wage is in your state. When[…]
CMS Work Opportunity Tax Credit Newsletter February 2025 In this issue: WOTC Wednesday: Can I Get a Report on How Many People Qualified for WOTC? What Can My WOTC Dashboard Show Me? Understanding the Work Opportunity Tax Credit’s Target Groups: Vocational Rehabilitation Referral Work Opportunity Tax Credit Statistics Florida 2024 #ICYMI WOTC Wednesday: Can I[…]
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, on February 20th at 2pm to learn[…]
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,[…]
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[…]
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[…]
