Work Opportunity Tax Credit WOTC Target Groups

Understanding the Work Opportunity Tax Credit’s Target Groups: SSI Recipient

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 Webinar: What’s new with the Work Opportunity Tax Credit?

CMS would like to invite you to join our resident Human Resources and Tax Credit Expert,  Brian Kelly, to find out what’s new with the Work Opportunity Tax Credits. Brian will review the following, and answer any questions you may have about this extremely valuable tax credit. What’s new with the Work Opportunity Tax Credit? […]

WOTC Target Groups: SSI Recipient

Target Group Name SSI Recipient Target Group Definition An individual who received Supplemental Security Income (SSI) benefits within 60 days prior to the hire date, including eligible Ticket-to-Work individuals receiving Social Security Disability Insurance (SSDI). Maximum Amount of Credit 40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of[…]