IRS Tax Tip on Work Opportunity Tax Credit For This Year
All current workers in the organization should be screened to find out if they are well suited to claim tax credits related to hiring new recruits. The Working Opportunity Tax Credit (WOTC) program is intended to stimulate the employment of individuals from a particular group who suffer from severe social neglect in the workplace. The urgency to re-validate the WOTC status for the newly employed has been repeatedly affirmed by the International Revenue Service.
What peoples are eligible for the Working Opportunity Tax Credit?
People who receive long-term family assistance
Long-term unemployment recipients