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[…]
In 2022 the state of North Dakota issued 8,678 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,[…]
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[…]
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: 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,[…]
In 2022 the state of Ohio issued 143,768 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: 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[…]