The Tennessee Department of Labor and Workforce Development (TDLWD) released updated WOTC statistics. The state continues to issue a record number Work Opportunity Tax Credits (WOTC) to business owners across the state. A streamlined, modernized application process makes it easier for employers to take advantage of this beneficial tax credit.
Between January and October 2017, TDLWD approved nearly 124,000 WOTC applications, totaling over $322 million in tax credits to Tennessee employers.
The state has already far surpassed the total number of certifications made in all of 2016. TDLWD Commissioner Burns Phillips told WGNS Radio: “This tax credit benefits everyone involved. It can help improve an employer’s bottom line, while assisting someone who faces significant barriers when looking for employment.”