Language
Available Jobs: 16,594
- Home
- Job Seeker | Employers | Youth | About Us
- On-the-Job Training | Post a Job Opening | Industry Spotlight | Dollars Available for Training | Short Time Compensation | Recruiting & HR Tools | Financial Incentives | Labor Market Facts | Employers Should Know | Expansion/Relocation/Startup | Small Business Opportunities | Small Business Financial Assistance | Vendor Registration | Chambers of Commerce | Summer Youth Employment Program | WorkForce One Centers | FAQs / Ask a Question | Testimonials | Contact Information | Did You Know... | Topics of Interest to Employers | Florida Ready to Work
- Federal Tax Incentives | Renewable Energy Incentives | New HIRE Incentives | ADA Incentives | Sales Tax Exemptions | Federal Bonding Program | Vocational Rehabilitation | Short Time Compensation | Community Contribution Tax Credit | VOW to Hire Heroes Act | Urban Job Tax Credit Program | Enterprise Zones
Financial Incentives
Federal Tax Incentives
The Work Opportunity Tax Credit (WOTC) created in 1996 and the Welfare-to-Work Tax Credit (WWTC) created in 1997, are incentives that Congress provides to private-sector employers for hiring economically disadvantaged individuals with significant barriers to employment. As employers participate in these two tax credits they find out that:
- Employer makes the hiring decision
- Employer can claim up to $9,600 over two (2) years in potential tax credits
- No restrictions on the number of qualified individuals Employer can hire
- Credits are applied to taxes due to the Internal Revenue Service and unused tax credits may be carried over to the next tax year
- Forms, mailing address and more specific information please refer to the WOTC website.
The WOTC request must be postmarked no later than 28 days following the individual's employment start date.
WorkForce One QuickFinder
