CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit.
Today’s WOTC Wednesday question: Is it Worth it to use 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 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.
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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. How much could you be saving?
Contact CMS today to start taking advantage. Call 800-517-9099, or click here to use our contact form to ask any questions.