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Federal Work Opportunity Tax Credit

Tax credits and incentives aren’t always the first consideration when your company starts the hiring process, but the benefits of the Federal Work Opportunity Tax Credit (WOTC) should not be overlooked. CBIZ tax specialists help you identify when you can benefit from the federal program that provides credits ranging from $1,200 to $9,000 for the hiring of qualified employees.

Designed to help individuals move from economic hardship to steady employment, WOTC offers incentives for hiring from target groups such as public assistance recipients, veterans, youth and those with previous felony convictions. An estimated one in six job candidates qualify, and the average WOTC candidate brings in $1,250 of tax credits. Together with our WOTC specialist, HireTech, we help you identify the candidates that could trigger WOTC.

We assist in the application process. Companies only have 28 days from the hire date of the applicable employee to apply for WOTC, and we have a depth of expertise in meeting this stringent deadline.

As a leading provider of accounting, tax and business solutions, we have the depth of expertise you can rely on to meet your reporting requirements. We have helped a number of companies and industries, including restaurants, retailers and manufacturers take advantage of WOTC. We also frequently supplement our services with tax minimization and compliance strategies and solutions that help you streamline your business functions.

Invite CBIZ to the table and discover how our WOTC specialists can reduce your federal tax liability and offset your Alternative Minimum Tax costs.

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