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What are the target groups of the Work Opportunity Tax Credit (WOTC)?

Discussion in 'Businesses' started by wallmann, Oct 2, 2018.

  1. wallmann

    wallmann Registered Partner

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    First it is a Federal tax credit available to employers for hiring individuals from these groups:

    *Unemployed Veterans (including disabled veterans)
    *Temporary Assistance for Needy Families (TANF) Recipients
    *Food Stamp (SNAP) Recipients
    *Designated Community Residents (living in Empowerment Zones or Rural Renewal Counties)
    *Vocational Rehabilitation Referred Individuals
    *Ex-Felons
    *Supplemental Security Income Recipients
    *Summer Youth Employees (living in Empowerment Zones)
    *Qualified Long-Term Unemployment Recipient

    What are the the average tax benefits for employers?

    Employers receive from $2400 - $9,600 in Federal tax credits for every employee hired.
     

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