CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Are salaried/exempt employees eligible for the Work Opportunity Tax Credit? CMS Responds: Absolutely. It doesn’t matter what the wages are, or the job hired into. What matters is that the employee qualifies in one of the ten targeted groups.[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can my family members qualify for the Work Opportunity Tax Credit? CMS Responds: Unfortunately, even if a family member was in one of the ten target groups, they would not qualify since they are related to you. That includes[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can employers of any size utilize the Work Opportunity Tax Credit? CMS Responds: Absolutely. The Work Opportunity Tax Credit is not limited by the size of the employer in any way. CMS helps small companies with 50 or more employees,[…]
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: No, they would not qualify. The (WOTC) program is designed to get new hires back into the workforce. So rehires don’t count. About Our WOTC Screening Services[…]
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 credits I can claim each year? CMS Responds: No, you can claim as much as your tax liability for that respective year. If you have 100,000 in taxable liability, you can[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. This week we’re taking a look back at five of the most common questions we get about the Work Opportunity Tax Credit. Question One: Is it Worth it to do the Work Opportunity Tax Credit? CMS Responds: Is it Worth it for Employers to[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Which State Issued the Most Amounts of WOTC Tax Credits? CMS Responds: Which state issues the most amounts of WOTC Tax Credits? Actually, it follows our population. The top three are Texas, California and Florida. States that issued the most[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: What If My Company Did Not Make Enough Money to Use WOTC Tax Credits This Year? CMS Responds: What Happens If My Company Did Not Make Enough Money to Use WOTC Tax Credits This Year? The good news is[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Can I Use WOTC Forms That Were Never Submitted? CMS Responds: It’s not uncommon for people using paper applications to let that pile up, and be misplaced within their office. So that’s why we encourage you to use our web[…]
CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Is there any way to still qualify for WOTC if the employee was hired over 28 days ago? CMS Responds: Unfortunately no. You hired that person 28 days or after then you lose that opportunity for you to receive[…]