In 2022 the state of Florida issued 183,992 Work Opportunity Tax Credit certifications. The Work Opportunity Tax Credit, known as WOTC, is a federal tax credit available to employers who hire individuals from target groups, that include qualified Veterans, individuals on food stamps and more. The Work Opportunity Tax Credit is available throughout the United States, and[…]
The Tire Industry Association (TIA) is lobbying Congress to apply the Work Opportunity Tax Credit (WOTC) to disaster victims of Hurricanes Harvey and Irma. The WOTC was applied to employers who hired victims of Hurricane Katrina in 2005, and it should be applied again, according to TIA. The WOTC is a federal tax credit offered[…]
The Florida Department of Economic Opportunity (DEO) has announced a new paperless alternative to the traditional WOTC application process. The traditional process required employers and consultants, like CMS, to mail the original signed copies of the WOTC application forms to the State. Florida’s new e-WOTC system allows employers and consultants to access the online system[…]