CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is there a minimum amount of hours an employee needs to work to be eligible for the Work Opportunity Tax Credit? CMS Responds: One of the questions that we get that’s pretty common is “Is There a Minimum Amount of[…]
In 2022 the state of Maryland issued 49,562 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: How do I explain to an employee why we are asking if they have received SNAP Benefits? CMS Responds: Sometimes the employee (or the new hire) asks the question “Why are you asking if I’m on SNAP (food stamps)?” Well the[…]
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[…]
MARCH 2023 – Cost Management Services, LLC, a provider of Work Opportunity Tax Credit screening and administration is pleased to announce that the latest statistics for the Work Opportunity Tax Credit from 2022 have recently been released by the U.S. Department of Labor. The data shows that a total of 2,569,646 total Work Opportunity Tax[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What are the benefits of Switching to Paperless WOTC Screening? CMS Responds: Actually three or four things. Number one we can state that the employer taking advantage of a federal program to initiate jobs and we need their participation. Also,[…]
> CMS Work Opportunity Tax Credit Newsletter March 2023 In this issue: Why Switch to a Paperless WOTC Screening Process Empowerment Zones, Enterprise Zones, Rural Renewal Counties Map What Can My WOTC Dashboard Show Me? WOTC Wednesday: How far back can we look back for Work Opportunity Tax Credits? Understanding WOTC’s Target Groups: Ex-Felon[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What Are the Reasons WOTC Applications Get Denied? CMS Responds: Great question “What are the Reasons for denials of WOTC Certifications?” The biggest ones is that the employee worked for that employer before, or that they checked off a box that they were eligible for SNAP,[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How far back can we look back for Work Opportunity Tax Credits? CMS Responds: One of the questions we get is “We have tax credits, but how far back or how forward can we go with these WOTC Tax Credits?[…]
In 2022 the state of Utah issued 9,226 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[…]