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[…]
CMS Work Opportunity Tax Credit Newsletter July 2024 In this issue: What Can My WOTC Dashboard Show Me? WOTC Wednesday: What is the Work Opportunity Tax Credit – WOTC? Understanding the Work Opportunity Tax Credit’s Target Groups: Long-Term Family Assistance Recipient Work Opportunity Tax Credit Statistics Illinois 2023 Work Opportunity Tax Credit Statistics 2023 #ICYMI[…]
In 2023 the state of Michigan issued 83,775 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[…]
via GIPHY Wishing all our customers, business partners, friends and colleagues a safe, and fun Independence Day with family and friends! CMS’s WOTC and iRecruit ATS offices will be closed on Thursday, July 4th, and Friday July 5th in observance of Independence Day! Have a Safe and Happy Independence Day weekend!
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[…]
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: What is the WOTC Designated Community Resident? CMS Responds: The Designated Community Resident falls under the HUD guidelines of federal Empowerment Zones and Rural Renewal Communities. The tax credit value is up to $2,400 if an employee actually lives in one of those[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is the minimum wage for WOTC? CMS Responds: “What Is The Minimum Wage An Employee Needs to Receive for My Company To Use this Tax Credit?” It’s not based on how much we’re paying the employee. It’s really[…]
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. Today’s WOTC Wednesday question: Are employees eligible if they check more than one box on the WOTC forms? CMS Responds: The Work Opportunity Tax Credit is a federal hiring incentive designed to get folks from 10 target groups back into the workforce. Qualifying new[…]