CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is it Worth it to use the Work Opportunity Tax Credit? CMS Responds: Is it Worth it for Employers to do the Work Opportunity Tax Credits? Absolutely! We know that statistically over the last 20+ years of performing WOTC services[…]
Happy New Year from everyone at CMS! Wishing a safe and Happy New Year to all our customers, business partners and friends! Our goal for 2024 is to continue to provide you with the best possible service and to continue to improve on our support and services by listening to your feedback to see where[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. This week we’re taking a look back at five of the most common questions we get about the Work Opportunity Tax Credit. Question One: Is it Worth it to do the Work Opportunity Tax Credit? CMS Responds: Is it Worth it for Employers to[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Which State Issued the Most Amounts of WOTC Tax Credits? CMS Responds: Which state issues the most amounts of WOTC Tax Credits? Actually, it follows our population. The top three are Texas, California and Florida. States that issued the most[…]
In 2022 the state of Alaska issued 7,398 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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What If My Company Did Not Make Enough Money to Use WOTC Tax Credits This Year? CMS Responds: What Happens If My Company Did Not Make Enough Money to Use WOTC Tax Credits This Year? The good news is[…]
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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Use WOTC Forms That Were Never Submitted? CMS Responds: It’s not uncommon for people using paper applications to let that pile up, and be misplaced within their office. So that’s why we encourage you to use our web[…]
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[…]
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[…]