Want to help someone find much-needed employment while reducing your federal income tax liability? The Work Opportunity Tax Credit (WOTC) is a federal tax credit incentive that benefits both employers and qualified workers.
WOTC helps targeted employees move from economic dependency to self-sufficiency while earning a steady income and becoming contributing taxpayers. Benefits to the hiring business include:
- You make the final hiring decision on candidates presented.
- Minimal paperwork is needed to claim the tax credit.
- You can hire as many qualified employees as you need.
- Hire from several qualified groups, including veterans.
The WOTC tax credit is a one-time tax credit for each new hire – and there is no limit to the number of new hires who can qualify an employer for a tax credit.
EMT will be more than happy to get you started – give us a call!