The U.S. Department of Labor has announced the award of approximately $2,500,000 million in grants through the Work Opportunity Tax Credit (WOTC) that incentivizes workplace diversity and facilitates access to good jobs for American workers. The grants will help state workforce agencies streamline their business processes and systems to reduce the processing backlog, including the[…]
Free Webinar and Consult With WOTC Experts Learn how to take full advantage of your WOTC Tax Credits. Call CMS toll-free at 1-800-517-9099 or fill in the form below to speak to a WOTC expert. On an annual basis State Workforce Agencies (SWAs) must report their Work Opportunity Tax Credit volume to the Department of[…]
The Internal Revenue Service has provided new guidance and forms that employers can use to claim the newly-expanded tax credit for hiring veterans. The VOW to Hire Heroes Act of 2011, as enacted on November 21, 2011, expands the Work Opportunity Tax Credit (“WOTC”) to businesses hiring eligible unemployed veterans. For the first time the[…]