WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Can my family members qualify for the Work Opportunity Tax Credit?

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[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Can employers of any size utilize the Work Opportunity Tax Credit?

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,[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Are rehires eligible for the Work Opportunity Tax Credit?

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[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Is there a limit to how many WOTC 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 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[…]

WOTC Wednesday CMS Brian Kelly

A Look Back at the Top Five #WOTCWednesday Posts of 2023

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[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Which U.S. State Issued the Most Amounts of WOTC Tax Credits?

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[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: What If Company Did Not Make Enough Money to Use WOTC Tax Credits?

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[…]

WOTC Wednesday CMS Brian Kelly

WOTC Wednesday: Is there any way to still qualify for WOTC if employee was hired more than 28 days ago?

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[…]

WOTC Wednesday CMS Brian Kelly

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

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit. Today’s WOTC Wednesday question: Do I Submit WOTC Forms Before or After the Employee Reaches 120 Hours? 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, I think[…]