CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Are The WOTC Tax Credits Calculated? CMS Responds: Big question is “We get these WOTC Tax Credits, how are they calculated?” There’s actually two benchmarks, the first one is the employee has to work a minimum of[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Are The WOTC Tax Credits Calculated? CMS Responds: Big question is “We get these WOTC Tax Credits, how are they calculated?” There’s actually two benchmarks, the first one is the employee has to work a minimum of 120[…]
How are the WOTC Tax Credits Calculated? At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website. CMS Says: The Work Opportunity Tax Credit is equal to 25% or 40% of a new employee’s first-year wages, up to the maximum for the target[…]