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. The tax credits can go anywhere from a couple of thousand dollars all the way to $9,600 for a qualified person.
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- Why you should use CMS’s WOTC Tax Screening Service rather than doing it yourself.
- Get an idea of how much you could be saving by utilizing the Work Opportunity Tax Credit for your company, try our WOTC Calculator.
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