The Work Opportunity Tax Credit (WOTC) is a Federal tax credit incentive
that the Congress provides to private-sector businesses for hiring
individuals from twelve target groups who have consistently faced
significant barriers to employment. Many of our candidates qualify for WOTC funding from the government. As a result, your business qualifies for a tax credit should your hire one of our candidates.
WOTC can offer the following:
- $2,400 generally for each adult new hire
- $4,800 for each new disabled veteran hire
- $9,000 for each long term TANF user over a 2-year period.
Download the WOTC Fact Sheet from the Department of Labor's Website.
The process takes 3 simple Steps:
- Complete page 1 of IRS form 8850:
- Click Here to Download IRS form 8850
- Form 8850 is given to the potential hire with their application. It will allow you to know
prior to hire, if the applicant falls into one of the qualifying groups for
WOTC credit. (If they check yes to #3, #4, or #5 they qualify!)
- Complete the Employment and Training administration's "Individual Characteristics Form" ( form 9061):
- Click here to download this form.
- The new hire completes this form, which
asks them little info. It is a one page
form.
- Mail
the signed & dated IRS and ETA form to the State WOTC coordinator no later
than 28 days after the new hire begins work.
- They will send you
certification or denial on the applicant.
The credit your company will receive is a tax credit that will be seen
at year’s end offsetting your tax liability through form #584. (the size of
the credit depends on the length of employment)
- Mail the forms to the following address:
Helene Law Employment Security Commission 1550 GADSDEN STREET P.O. BOX 1406 COLUMBIA, SC 29202 803-737-2594 803-737-0140 Fax hlaw@sces.org
- For A full 50-state directory of WOTC coordinators click here.
|
 Updating...
Ċ Unknown user, Sep 20, 2010, 1:30 PM
Ċ Unknown user, Sep 20, 2010, 1:30 PM
Ċ Unknown user, Sep 20, 2010, 1:30 PM
Ċ Unknown user, Sep 20, 2010, 1:29 PM
|