Work Opportunity Tax Credit WOTC Target Groups

Understanding the Work Opportunity Tax Credit’s Target Groups: Qualified Veteran

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[…]

Work Opportunity Tax Credit WOTC Target Groups

Understanding WOTC’s Target Groups: Qualified Veteran, Disabled or Unemployed Veteran

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[…]

Work Opportunity Tax Credit WOTC Target Groups

Understanding WOTC’s Target Groups: Qualified Veteran

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[…]

IRS Gives Guidance On Veterans Tax Credit

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[…]

Vow to Hire Heroes Act of 2011

Unemployment among veterans remains more than twice the national rate of unemployment. That means nearly one in five returning veterans can’t find a job to support their family or ease their transition to civilian life. Yesterday, November 10th, 2011 the Senate passed the VOW to Hire Heroes Act, the bipartisan bill was passed unanimously, and[…]

WOTC Target Groups: Unemployed Veteran

Target Group Name Unemployed Veteran Target Group Definition An individual who was discharged or released from active duty in the Armed Forces at any time during the five-year period ending on the hire date; AND received unemployment compensation under State or Federal law for not less than four weeks during the one-year period ending on[…]