FEDERAL WORK OPPORTUNITY TAX CREDIT (WOTC)
WOTC is a Federal credit that provides you with a dollar for dollar tax credit of:
- $2,400 for each new adult hire;
- $1,200 for each new summer youth hire,
- $4,800 for each new disabled veteran hire, and
- $9,000 for each new long-term family assistance recipient hired over a two-year period.
Employees can qualify based on any one of twelve target groups.
There are strict requirements for submitting paperwork to qualify employees for the credit. Contact C&I now to sign up for this valuable credit.