Trusted Payroll Agent

IN THE NEWS

Businesses Benefit: The Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers who hire people in certain target demographics who often experience employment barriers. This includes people coming off public assistance from COVID-related layoffs. Business owners who hire individuals coming off long-term unemployment of 27 weeks are eligible for a $2,400 to $9,600 tax credit per new employee. In the past, between 20 and 30 percent of a company’s employee base would typically qualify for the credit. This number has increased substantially due to high unemployment rates as a direct effect of the COVID-19 pandemic.

RSS
Follow by Email

Thank You!

I’ll be in touch as soon as possible!

Keith Norris Miller

Territory Manager

Heartland

A Global Payments Company

(480) 440-2462 Mobile

keith.miller1@heartland.us