“This tax credit can really impact the bottom line of an employer, while helping an individual who is struggling to find meaningful employment. It is a win-win situation for everyone,” said TDLWD Commissioner Burns Phillips.
How Much We Save Employers
CMS has worked with WOTC since 1997 (next year is our 20 year anniversary) and we have found over the years that on average 10-15% of employees can fall into one of the tax credit categories that qualify for a tax credit. The average credit received is $2,000 per qualified individual. This can be up to $9,600 depending on the category. Some of our customers have saved a phenomenal $100,000 in a single year.
How Much Can We Save You?
To find out your potential savings, please see our WOTC Calculator. There’s never been a better time to learn about WOTC. Please contact us at 800-517-9099 to speak to a Work Opportunity Tax Credit expert today.
Read more: Tennessee employers save millions with tax credit