WOTC 2021 STATISTICS

Work Opportunity Tax Credit Statistics 2021

MARCH 2021 – The latest statistics for the Work Opportunity Tax Credit from 2021 have recently been released by the U.S. Department of Labor, and the data shows that a total of 2,081,474 total Work Opportunity Tax Credits were issued in the United States in 2021. This represents an almost 28% increase over previous years 2020 (1,620,806[…]

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WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Is There a Limit to How Many WOTC Tax Credits I Can Claim Each Year?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  Is There a Limit to How Many WOTC Tax Credits I Can Claim Each Year? CMS Responds: Is There a Limit to How Many WOTC Tax Credits I Can Claim Each Year? The good news is, is no, there’s[…]

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WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Is WOTC Applicable to Part Time Employees?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is WOTC Applicable to Part Time Employees? CMS Responds: Question we get is “Is WOTC applicable for part-time employees?” And the answer is: Absolutely! It’s all based on the number of hours an employee works. So, as a minimum,[…]

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WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Is There a Minimum Amount of Hours Employee Needs to Work for WOTC Eligibility?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  Is There a Minimum Amount of Hours Employee Needs to Work for WOTC Eligibility? CMS Responds: One of the questions that we get that’s pretty common is “Is There a Minimum Amount of Hours Employee Needs to Work to[…]

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WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: I Have WOTC Forms That Were Never Submitted From Over a Year Ago, Can I Still Use Them?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  I Have WOTC Forms That Were Never Submitted From Over a Year Ago, Can I Still Use Them? CMS Responds: One of the questions that we have is “I Have WOTC Forms That Were Never Submitted From Over a[…]

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WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Is a Rehire Eligible for WOTC?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  If I have a new hire who would have qualified and it’s after 28 days, can I release them and rehire them to meet the 28-day rule? CMS Responds: If I have a new hire who would have qualified[…]

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WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Do I Submit the WOTC Forms After the Employee Reaches 120 Hours or Before?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  Do I Submit the WOTC Forms After the Employee Reaches 120 Hours or Before? CMS Responds: One of the WOTC questions we get is “Do I Submit the WOTC Forms After the Employee Reaches 120 Hours or Before?” So,[…]

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WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: How Much WOTC Tax Credits Can an Employer Receive for Hiring a Qualified Veteran?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Much WOTC Tax Credits Can an Employer Receive for Hiring a Qualified Veteran? CMS Responds: One of the WOTC questions that we get is “how much can we receive for hiring qualified veterans?” The good news is that[…]

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WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: How Many Veterans Are Hired Each Year That Qualified for WOTC?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  How Many Veterans Are Hired Each Year That Qualified for WOTC? CMS Responds: Do you know how many Veterans are hired each year with the assistance of the WOTC program? Well, we do know that answer. It’s actually between[…]

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WOTC Wednesday FAQ Brian Kelly

WOTC Wednesday: Do employers benefit from hiring veterans?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question:  Do employers benefit from hiring veterans? CMS Responds: Do employers benefit from hiring veterans? Absolutely! Veterans is one of the larger categories we see with WOTC tax credits. We want to get our discharged military back into the workforce.[…]

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