WOTC Wednesday: How Are The WOTC Tax Credits Calculated?

Posted on May 19, 2021January 18, 2021 by WOTC Blog

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Are The WOTC Tax Credits Calculated? CMS Responds: Big question is “We get these WOTC Tax Credits, how are they calculated?” There’s actually two benchmarks, the first one is the employee has to work a minimum of 120[…]

WOTC Questions: How are the Tax Credits Calculated?

Posted on August 29, 2018June 20, 2018 by WOTC Blog

How are the WOTC Tax Credits Calculated? 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: The Work Opportunity Tax Credit is equal to 25% or 40% of a new employee’s first-year wages, up to the maximum for the target[…]