WOTC Questions: if I pay my employee a salary of $12,850 and his working hours are more than 600, what is my work opportunity tax credit?

At CMS, as Work Opportunity Tax Credit (WOTC) experts and service providers since 1997, we receive a lot of questions via our website:

CMS Says: Congratulations on hitting the maximum number of hours (400) to qualify. Your actual credit may depend on the target group of employee. For example, if the employee was a SNAP (food stamp recipient), Designated Community Resident or Ex Felon, you qualify for a tax credit equal to 40% of $6,000 of first-year wages or $2,400. If he is a Veteran Hired 1 year after leaving service you qualify for a tax credit equal to 40% of $12,000 of first-year wages or$4,800. Or a Veteran unemployed at least 6 months, 40% of $24,000 of first-year wages or up to $9,600.

Calculate Your Potential Credit Here.

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