Is your business looking to hire? If so, you should know about a valuable one-time tax credit. The Work Opportunity Tax Credit (WOTC), available through 2025, encourages employers to hire from targeted groups that face employment barriers. Interested employers should start by contacting their state workforce agency to file a form. Employers must also obtain certification that a new hire is a member of a targeted group. These groups include veterans, qualified recipients of certain aid programs, ex-felons, qualified long-term unemployment recipients and summer youths. For more information about the WOTC, check this IRS list of FAQs https://bit.ly/3RBDpsk or contact us with questions.
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