Work Opportunity Tax Credit WOTC Target Groups

Understanding the Work Opportunity Tax Credit’s Target Groups: Qualified Veteran

The Work Opportunity Tax Credit, known as #WOTC, is a federal tax credit available to employers who hire individuals from disadvantaged groups of workers. Including WOTC Screening can save an employer significant amounts of money. WOTC Screening is used to determine if a new hire is a member of one of the Work Opportunity Tax[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Is there any way to still qualify for WOTC if employee was hired more than 28 days ago?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is there any way to still qualify for WOTC if the employee was hired over 28 days ago?   CMS Responds: Unfortunately no. You hired that person 28 days or after then you lose that opportunity for you to receive[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Do I Submit WOTC Forms Before or After the Employee Reaches 120 Hours?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Do I Submit WOTC Forms Before or After the Employee Reaches 120 Hours? CMS Responds: One of the WOTC questions we get is “Do I Submit the WOTC Forms After the Employee Reaches 120 Hours or Before?” So, I think[…]

WOTC Statistics 2022

Work Opportunity Tax Credit Statistics for Wyoming 2022

In 2022 the state of Wyoming issued 1,579 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[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Can I Still Get WOTC Tax Credit for an Employee Who Only Worked for Two Weeks?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Still Get WOTC Tax Credit for an Employee Who Only Worked for Two Weeks?   CMS Responds: Can I still get tax credits if my employee only works two weeks? It doesn’t really matter how many weeks somebody[…]

Work Opportunity Tax Credit WOTC Target Groups

Understanding the Work Opportunity Target Groups: Qualified IV-A Recipient

The Work Opportunity Tax Credit, known as #WOTC, is a federal tax credit available to employers who hire individuals from disadvantaged groups of workers. Including WOTC Screening can save an employer significant amounts of money. WOTC Screening is used to determine if a new hire is a member of one of the Work Opportunity Tax[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Three Questions About the Work Opportunity Tax Credit and Hiring Veterans

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Question One: How Many Veterans Are Hired Each Year That Qualified for WOTC? CMS Responds: Do you know how many Veterans are hired each year with the assistance of the WOTC program? Well, we do know that answer. It’s actually between 150,000 to 200,000[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Do employers get a WOTC Tax Credit for Hiring Individuals With Disabilities?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Do employers get a WOTC Tax Credit for Hiring Disabled Individuals? CMS Responds: Question we get is “Do companies get a tax credit, or tax break for hiring disabled individuals?” And the answer is absolutely. That’s one of the areas[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Is it worth it for employers to do the Work Opportunity Tax Credits?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is it worth it for employers to do the Work Opportunity Tax Credits?   CMS Responds: Is it Worth it for Employers to do the Work Opportunity Tax Credits? Absolutely! We know statistically over the last 20+ years of performing[…]