What is the Work Opportunity Tax Credit (WOTC)?
Автор: Tax Savings TV with Mike Jesowshek CPA
Загружено: 2024-08-08
Просмотров: 1818
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The Work Opportunity Tax Credit (WOTC) is a powerful tool that many businesses overlook. It's not just about saving money - it's about making a difference in your community while strengthening your team.
Who qualifies for this? The list might surprise you:
▶️Veterans
▶️State assistance recipients
▶️Individuals with a felony record
▶️Residents of empowerment zones
▶️Those completing rehab programs
▶️SNAP and SSI recipients
▶️Long-term unemployed individuals
By hiring from these groups, you're not only diversifying your workforce but also potentially qualifying for valuable tax credits. It's a win-win situation that supports both your business and your community.
In our latest Small Business Tax Savings episode, we delve into the details of WOTC. Learn how this credit could transform your hiring strategy and boost your bottom line.
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