Our proven systems and expertise will maximize your Work Opportunity Tax Credit earnings. The Work Opportunity Tax Credit currently is comprised of 12
groups:
Qualified Recipients of Temporary Assistance to Needy Families (TANF)
Qualified Veterans receiving Disability or Food Stamps
Economically disadvantaged ex-Felons
Residents under the age of 40 who reside in an Empowerment Zone, Enterprise Community, or Rural Renewal County
Vocational Rehabilitation referrals
Summer Youth employees aged 16-17 working a summer job who reside in an Empowerment Zone or Renewal Community
Qualified Food Stamp recipients under the age of 40
Supplemental Security Income (SSI) recipients
Long Term family Assistance Recipients (formerly Welfare to Work)
Qualified Hurricane Katrina Employee
Unemployed Veteran
Disconnected Youth-Individuals under the age of 25 who have not attended school of been regularly employed over a 6 month period
The Work Opportunity Tax Credit Incentive The following chart explains the incentive your company would receive for hiring an eligible applicant:
Program
Credit Amount
Maximum Credit
Qualifying Hours
Time Frame
WOTC
40% of first $6,000
$2400.00
120
1 year (rolling)
Long Term Assistance (Year 1)
40% of first $10,000
$4000.00
400
1 year (rolling)
Long Term Assistance (Year 2)
50% of first $10,000
$5000.00
400
1 year (rolling)
Note: The WOTC program offers a 25% tax credit for employees that complete 120 but less than 400 hours of service.