Work Opportunity Tax Credit Statistics 2023

Work Opportunity Tax Credit Statistics Ohio 2023

In 2023 the state of Ohio issued 122,392 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: How are Work Opportunity Tax Credits Calculated?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How are the Work Opportunity Tax Credits Calculated? CMS Responds: The Work Opportunity Tax Credit is calculated based on three different variables. First the employee has to qualify for one of the ten target groups.  secondly they have to work[…]

Work Opportunity Tax Credit - WOTC - Webinar

Get to Know the Work Opportunity Tax Credit – Schedule a Zoom Demo

What is “WOTC” or the Work Opportunity Tax Credit? The Work Opportunity Tax Credit is a federal hiring incentive designed to get individuals from ten target groups back into the workforce. 10-15% of all new hires may be eligible. Please join our WOTC subject matter expert Brian Kelly this month to learn about the Work Opportunity[…]

CMS Work Opportunity Tax Credit WOTC Newsletter

CMS Work Opportunity Tax Credits (WOTC) Newsletter May 2024

CMS Work Opportunity Tax Credit Newsletter May 2024 In this issue: Expiring POA Forms Work Opportunity Tax Credit Statistics 2023 Why Switch to a Paperless WOTC Screening Process in 2024 WOTC Wednesday: Are employees eligible if they check more than one box on the WOTC forms? Understanding the Work Opportunity Tax Credit’s Target Groups: Qualified[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: What is the Work Opportunity Tax Credit (WOTC)?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What Is the Work Opportunity Tax Credit? CMS Responds: The Work Opportunity Tax Credit is a federal hiring incentive designed to get folks from 10 targeted groups back into the workforce. The financial incentive is between $2,400 and $9,600 depending on[…]

WOTC Wednesday: Are salaried/exempt employees eligible for the Work Opportunity Tax Credit?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are salaried/exempt employees eligible for the Work Opportunity Tax Credit? CMS Responds: Absolutely. It doesn’t matter what the wages are, or the job hired into. What matters is that the employee qualifies in one of the ten targeted groups.[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Can my family members qualify for the Work Opportunity Tax Credit?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can my family members qualify for the Work Opportunity Tax Credit? CMS Responds: Unfortunately, even if a family member was in one of the ten target groups, they would not qualify since they are related to you. That includes[…]

Work Opportunity Tax Credit WOTC Target Groups

Understanding the Work Opportunity Tax Credit’s Target Groups: Qualified Summer Youth Employee

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: Can employers of any size utilize the Work Opportunity Tax Credit?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can employers of any size utilize the Work Opportunity Tax Credit?  CMS Responds: Absolutely. The Work Opportunity Tax Credit is not limited by the size of the employer in any way. CMS helps small companies with 50 or more employees,[…]

Work Opportunity Tax Credit Statistics 2023

Work Opportunity Tax Credit Statistics New York 2023

In 2023 the state of New York issued 101,295 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,[…]