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Veterans - Businesses can potentially qualify for up to $9,600 in tax credits for hiring veterans who meet certain criteria such as being unemployed for over 4 weeks in the year prior to hiring. This includes veterans returning from active duty.
Long-Term Unemployment Recipients - Up to $2,400 tax credit for hiring those unemployed for over 26 consecutive weeks. Many businesses use WOTC for those attempting to get back to work after a long bout of unemployment.
SNAP (Food Stamp) Recipients - Up to $2,400 tax credit for hiring those receiving SNAP benefits for at least 3 months in the year prior to hiring. Many lower-income and displaced workers rely on these benefits.
Ex-Felons - Up to $2,400 credit for hiring ex-felons within 1 year of conviction or release from prison. Businesses often work with workforce development programs that assist ex-offenders with finding employment.
SSI Recipients - $2,400 tax credit for hiring those receiving SSI disability benefits for at least 6 months in the year prior to hiring. This group faces significant barriers to employment.
Designated Community Residents - Up to $2,400 credit for hiring those living in certain designated communities, such as federal Empowerment Zones. Businesses with offices located in these areas may qualify.
The key is for businessess to screen candidates, identify if they meet WOTC criteria, and complete the certification paperwork properly to claim these significant tax credits. It's a win-win opportunity to get incentives for hiring from key groups!
Our online calculator will determine all of the above for you in seconds!