Did you know that last year the state of Texas issued 207,513 Work Opportunity Tax Credit certifications? The Work Opportunity Tax Credit, known as WOTC, is a federal tax incentive designed to help people with barriers to employment into the workplace. By hiring someone from a Target Group, your company may be eligible for a tax credit[…]
In 2023 the state of Texas issued 139,466 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[…]
The Tire Industry Association (TIA) is lobbying Congress to apply the Work Opportunity Tax Credit (WOTC) to disaster victims of Hurricanes Harvey and Irma. The WOTC was applied to employers who hired victims of Hurricane Katrina in 2005, and it should be applied again, according to TIA. The WOTC is a federal tax credit offered[…]