In 2022 the state of Kansas issued 37,240 Work Opportunity Tax Credit certifications. The Work Opportunity Tax Credit, known as WOTC, is a federal tax credit available to employers who hire individuals from target groups, that include qualified Veterans, individuals on food stamps and more. The Work Opportunity Tax Credit is available throughout the United States, and[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are Rehires Eligible for the Work Opportunity Tax Credit? CMS Responds: Are Rehires Eligible for the Work Opportunity Tax Credit? A lot of us have had employees that we maybe let go one time then brought back into the[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: How Long Must an Eligible Employee Work Before You Receive a WOTC Tax Credit? CMS Responds: How Long Must an Eligible Employee Work Before Your Company Can Claim the Work Opportunity Tax Credit? There’s a couple of thresholds. Number[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Still Get WOTC Tax Credit for an Employee If They Only Worked for Two Weeks? CMS Responds: Can I still get tax credits if my employee only works two weeks? It doesn’t really matter how many weeks[…]
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 an employee needs to work to be eligible for the Work Opportunity Tax Credit? CMS Responds: One of the questions that we get that’s pretty common is “Is There a Minimum Amount[…]
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: Absolutely. Veterans is one of the larger categories with the Work Opportunity Tax Credit. We want to get our discharged military back into the workforce. The tax credits can go[…]
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[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What WOTC Screening Options Does CMS Offer? CMS Responds: So, CMS actually offers three different screening methods. The first one being old-fashioned paper where they’re going and filling out the 8850 (and 9061) and sending them in to[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I get a report on how many people were qualified for WOTC? CMS Responds: Absolutely, so you can see how many people surveyed, how many people qualified, how many people are certified by the State (Workforce Agency), and[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are the WOTC Forms available in Spanish or Portuguese? CMS Responds: Well if you use our online WOTC Screening services we actually translate up to 100 different languages. So no matter if they’re (the new hire) Spanish or Portuguese[…]