Posts Tagged ‘Work Opportunity Tax Credit (WOTC)’

Congress Approves Budget Renewing WOTC for 2020

In the twilight amidst another government shutdown, Congress has signed and passed the budget for 2020. Amongst some of the provisions are an extension of the Work Opportunity Tax Credit (WOTC) program through December 31, 2020. With the WOTC program renewed December 31, 2020, employers will be able to administer the program and earn up…

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IRS Issues WOTC Directive on When to Apply a Certification

2 minute read: The IRS has issued a new directive that should make it easier for employers administering the Work Opportunity Tax Credit (WOTC) program to receive tax credits in the year employer certifications are issued. The issuance of WOTC certifications by State Workforce Agencies are often delayed and employers sometimes don’t receive them until…

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Hiring People with Disabilities Can Make a Difference

Hiring People with Disabilities Can Make a Difference

July 26 was the 29th anniversary of the signing of the Americans with Disabilities Act (ADA), but even after all this time, employers are still having difficulty meeting the requirements of the law. For example, take the recently settled disability discrimination lawsuit filed by the U.S. Equal Employment Opportunity Commission (EEOC) against multination retail giant…

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2018 WOTC Statistics Demonstrate Benefits to Employers

2018 WOTC Statistics Demonstrate Benefits to Employers

The U.S. Department of Labor (DOL) has issued statistics for 2018 that highlight how much employers can benefit from participating in the federal Work Opportunity Tax Credit (WOTC) program. According to the DOL, employers in 2018 obtained 2.2 million WOTC certifications. This represents billions of dollars in federal tax credits. Employers particularly benefited from hiring…

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Legislation Proposes Extending WOTC 

Legislation Proposes Extending WOTC

Congress is considering bills that would again extend the Work Opportunity Tax Credit (WOTC) through December 31, 2020. The U.S. House of Representatives is considering bill H.R. 3301, which extends several expired or expiring tax breaks through 2020, including WOTC. U.S. Senate bill S. 978 and House bill H.R. 2213. also have been introduced in…

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Florida Launches Revamped Online WOTC Portal

Florida Launches Revamped Online WOTC Portal

The launch of a revamped online platform by the state of Florida is making it easier for employers to obtain tax credits through the federal Work Opportunity Tax Credit. Employers can earn up to $9,600 per qualified hire through the Work Opportunity Tax Credit (WOTC) program. The revamped online platform posed a challenge for the…

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This Trifecta of WOTC Services Will Increase Your Certifications

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The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers who hire individuals from specific target groups. Any business can earn tax credits by hiring individuals who fit one of the program’s target groups such as veterans, disabled persons and persons receiving government assistance. Employers can earn anywhere from $1,200 to…

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Hire Vets Through WOTC

Hire Vets Through WOTC

The HIRE Vets Medallion Program is an award from the U.S. Secretary of Labor that recognizes employer efforts to recruit, employ, and retain veterans. Employers can apply for the HIRE Vets Medallion Award as of January 31, 2019 and stand out for their employment practices. Additionally, employers can reap the benefits of tax incentives generated…

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Improve Your Bottom Line and Community with WOTC

Improve Your Bottom Line and Community with WOTC

The federal Work Opportunity Tax Credit (WOTC) program can generate your organization savings of up to $9,600 per qualified candidate, which can be a boost to the bottom lines of employers who are actively hiring. According to the U.S. Department of Labor, about $1 billion in tax credits are claimed through the WOTC program annually.…

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