CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is the most popular WOTC Category or Target Group? CMS Responds: It’s actually a pretty easy question. SNAP (Supplemental Nutrition Assistance Program/Food Stamps) represents 65% of all the tax credits we get because of people that are on SNAP[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Long Does It Take To Receive WOTC Tax Credit Certifications? CMS Responds: “How Long Does It Take To Receive a WOTC Certification? This is going to vary by state. There’s some states like Connecticut, which is actually two[…]
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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is it Worth it to do the Work Opportunity Tax Credit? CMS Responds: Is it Worth it for Employers to do the Work Opportunity Tax Credits? Absolutely! We know that statistically over the last 20+ years of performing WOTC services[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are Salaried or Exempt Employees Eligible for the WOTC Program? CMS Responds: Are Salaried/Exempt Employees Eligible for the WOTC Program? The answer is absolutely yes. It doesn’t matter if they’re exempt or non-exempt, if they fall within one of the[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is the “Summer Youth” Category Still Around? CMS Responds: Actually, it is and it actually got reinstated back in 2019. So, if you’re hiring folks in a H.U.D. related area that are between 16 and 18 years of age,[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Long Must an Eligible Employee Work Before You Receive a WOTC Tax Credit? CMS Responds: How Long Must an Eligible Employee Work Before Your Company Can Claim the Work Opportunity Tax Credit? There’s a couple of thresholds. Number One[…]
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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What is a Conditional Certification for the Work Opportunity Tax Credit? CMS Responds: A question we get is “What Is a ‘Conditional Certification’ for WOTC?” Well the conditional certification falls under the Ticket to Work where folks go in and[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Get a Partial WOTC Tax Credit If The Employee Only Worked a Few Weeks? CMS Responds: Can I still get a WOTC Tax Credit if the employee only worked a few weeks? So the answer to that[…]