CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit.
Today’s WOTC Wednesday question: Is there a minimum amount of hours an employee needs to work to be eligible for the Work Opportunity Tax Credit?
CMS Responds: One of the questions that we get that’s pretty common is “Is There a Minimum Amount of Hours an Employee Needs to Work to Be Eligible for WOTC Tax Credit?” The answer is absolutely yes. You have to work a minimum of 120 hours for the employer to receive 25% of the employee’s gross wages up to the first $6,000. So if we hired somebody, and they worked over 120 hours and made $1,000 that tax credit is worth $250, which is 25% of that first $1,000.
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