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 Work Opportunity Tax Credit Newsletter December 2024 ‘Tis the season! Happy Chanukah/Hanukkah, Merry Christmas, Happy Festivus, Happy Kwanzaa. We hope you have a safe and happy holiday season! In this issue: CMS WOTC Screening Services CMS Pin Point WOTC Technology (CPPT) WOTC Wednesday: Can I Get a Report on How Many People Qualified for[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are rehires eligible for the Work Opportunity Tax Credit? CMS Responds: No, they would not qualify. The (WOTC) program is designed to get new hires back into the workforce. So rehires don’t count. About Our WOTC Screening Services Why[…]
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[…]
Happy Thanksgiving from everyone at CMS WOTC. We hope you have a wonderful, safe and happy Thanksgiving! Our offices will be closed this Thursday in observance of the Thanksgiving holiday, and will reopen on Friday November 29th.
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[…]
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[…]