CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What Are the Reasons WOTC Applications Get Denied? CMS Responds: Great question “What are the Reasons for denials of WOTC Certifications?” The biggest ones is that the employee worked for that employer before, or that they checked off a box that they were eligible for SNAP,[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How far back can we look back for Work Opportunity Tax Credits? CMS Responds: One of the questions we get is “We have tax credits, but how far back or how forward can we go with these WOTC Tax Credits?[…]
In 2022 the state of Utah issued 9,226 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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can you do the WOTC Application on a Mobile Phone? CMS Responds: Can You Do the WOTC Application on a Cell Phone? Well as technology advances, we advance along with it at CMS. Actually we have a web app that[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Use Paper or Go Online with the WOTC Forms, Which is Better? CMS Responds: Well, 100%, use the web portal, go online, use the WOTC program, streamline your business that way through your onboarding process. We find that once someone[…]
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: 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 hours[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What If My Company Did Not Make Enough Money to Use WOTC Tax Credits This Year? CMS Responds: What Happens If My Company Did Not Make Enough Money to Use WOTC Tax Credits This Year? The good news is[…]
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: Are Rehires Eligible for the Work Opportunity Tax Credit? A lot of us have had employees that we maybe let go one time then brought back into the[…]
In 2021 the state of Washington issued 43,419 Work Opportunity Tax Credit certifications. Washington issued 2.09% of all WOTC Tax Credits in 2021, SNAP Recipient was Washington State’s highest tax credit target group with 54.28% of certifications for that category. See historical data on Washington State and the Work Opportunity Tax Credit. About Our WOTC[…]
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[…]