CMS WOTC Newsletter

CMS WOTC Newsletter August 2017

Click on image below to see this month’s WOTC newsletter.

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WOTC Statistics Tennessee

WOTC Statistics: Tennessee

After the state of Tennessee reported their record-breaking year last week, we reached out to them for some more information. The state reports the following statistics over the past five years: Year Number of Certifications Tax Credits Average Tax Credit 2017 (Jan-June) 83,414 $215,530,000.00 $2,583.85 2016 85,448 $225,395,200.00 $2,637.80 2015 28,169 $78,569,400.00 $2,789.21 2014 52,983[…]

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WOTC Statistics Tennessee

Record-Breaking Year for WOTC in Tennessee

State On Pace to Possibly Double Number of Tax Credits Approved in 2016 The Tennessee Department of Labor and Workforce Development (TDLWD) Commissioner Burns Phillips announced yesterday that the department’s Workforce Services Division marked a milestone in June after issuing more than $215 million of Work Opportunity Tax Credits (WOTC) to employers across the state.[…]

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Tennessee Employers Save Millions with WOTC

The Workforce Services Division of the Tennessee Department of Labor and Workforce Development is on track to issue a record number of work opportunity tax credits to employers across that state. From Jan. 1 through Oct. 31, the department issued 71,336 WOTC certifications, which represents a potential tax savings to Tennessee employers of more than[…]

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Tennessee Employers Earn $232 Million On New Hires

Tennessee employers taking advantage of the Work Opportunity Tax Credit (WOTC) program achieved a record high in potential federal income tax savings during the fiscal year that ended in September 2012, announced Burns Phillips, acting commissioner for the Tennessee Department of Labor & Workforce Development. Last year the department issued 64,300 WOTC tax credit certifications[…]

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