The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to all businesses who hire certain individuals from specific groups who have consistently faced significant challenges to gaining employment. The program helps transform government dependent people into self sufficient workers while they earn a steady income and become contributing taxpayers.
At the same time, WOTC incentivizes diversity in the workplace and facilitates access to good jobs for American workers. In exchange for hiring from these targeted groups, employers are able to significantly reduce their income tax liability. Tax credits from this program range from $1,200 to $9,600 per eligible employee, depending on their specific background, and have no limits.
Ready to learn more? Contact Clarus Solutions today for a free WOTC assessment.