Could Your Business Benefit from the Work Opportunity Tax Credit?

The Work Opportunity Tax Credit (“WOTC”), established in 1996, has been extended through December 2020. The WOTC is a federal tax credit designed to incentivize employers to hire individuals from specific groups who often face barriers to employment (e.g., qualified veterans, ex-felons). The WOTC has successfully facilitated the hiring of such individuals and has taken on new significance in this tight job market.

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