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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.