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Your Business Can Qualify for the Work Opportunity Tax Credit (WOTC) When You Hire Certain Workers

The Work Opportunity Tax Credit (WOTC) is a federal income tax credit that is offered to employers as an incentive to hire individuals who are members of eight targeted groups that have traditionally faced significant barriers to employment. Employers electing the credit must reduce the wage deduction on their business tax return by the amount of the Work Opportunity Tax Credit taken. Unlike the wage deduction, WOTC is applied against an employer's bottom-line liability and offsets taxes due on a dollar-for-dollar basis. WOTC replaced the Targeted Jobs Tax Credit Program. For more information, visit:  Work Opportunity Tax Credit (WOTC)