Working Capital - Mission Blog

<<Mission Blog Home Posted: 10-15-2015

Hire a Good Employee...Earn a Tax Credit!Did you know that the Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers who hire workers with significant barriers to employment? Employers, America’s workforce and the economy all benefit from the program.

According to the U.S. Department of Labor, each year, employers claim over $1 billion in tax credits under the WOTC program.

WOTC helps eligible individuals move from economic dependency to self-sufficiency by earning a sustainable income and paying taxes while participating employers benefit from a reduction in federal income tax liability by as much as $9,600 per employee hired.  Additionally, there is no cap on the number of qualified individuals an employer can hire to claim the tax credit!

  • Populations that are eligible include:
  • Veterans
  • TANF Recipients
  • SNAP (food stamp) Recipients
  • Designated Community Residents
  • Vocational Rehabilitation Referral
  • Ex-Felons
  • Supplemental Security Income Recipients
  • Summer Youth Employees

We serve many of these populations and can provide access to qualified, well-trained and eager referrals.

Visit United States Department of Labor for more target group eligibility information and additional questions.

Working Capital, Goodwill mission blog author
This article was written by: Brendan Hurley
Chief Marketing Officer

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