Work Opportunity Tax Credit extended through 2025

Are you a business owner thinking about hiring? There is good news in that a recent law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a tax credit known as the Work Opportunity Tax Credit (WOTC) that’s worth as much as $2,400 for each eligible employee ($4,800, […]

Hiring this summer? You may qualify for a valuable tax credit

Is your business hiring this summer? If the employees come from certain “targeted groups,” you may be eligible for the Work Opportunity Tax Credit (WOTC). This includes youth whom you bring in this summer for two or three months. The maximum credit employers can claim is $2,400 to $9,600 for each eligible employee. 10 targeted […]

Continue to file for Work Opportunity Tax Credits

Congress has not extended the Work Opportunity Tax Credits (WOTC) to new hires in 2015. However, because Congress has historically extended these tax credits, we encourage employers to continue to submit the paperwork for certification for each new hire. Companies have missed out on possible Work Opportunity Tax Credits by not continuing to file the […]