CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit.
Today’s WOTC Wednesday question: Is it worth it for employers to do the Work Opportunity Tax Credits?
CMS Responds: Is it Worth it for Employers to do the Work Opportunity Tax Credits? Absolutely! We know statistically over the last 20+ years of performing WOTC services that 10-15% of the workforce qualifies for the WOTC program. So, if we have 100 new hires per year, we know 15% of them qualify we say the average tax credit is $2,000. That’s $30,000 in tax credit savings per year. So, absolutely, take advantage of the program. That’s why we’re here!
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- Why you should use CMS’s WOTC Tax Screening Service rather than doing it yourself.
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In over 25 years of providing valuable WOTC Screening and Administration services we’ve saved millions for our customers.
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