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 use all of it, and then you can carry forward the remainder for up to 20 years under the General Business Tax Credit guidelines.
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