CORE SOLUTIONS WORK OPPORTUNITY TAX CREDITS
The Workforce Opportunity Tax Credit (WOTC) Program is a Federal tax credit that enables employers to save up to $9,600 per employee hired from certain target groups.
Each year, employers claim over $1 billion in tax credits under the WOTC Program, yet companies are missing out on billions more in savings; the administrative burden of applying for the credits keeps many businesses from participating.
The amount of the tax credit that employers can claim depends on the target group of the individual hired, the wages paid to that individual, and the number of hours that individual worked during the first year of employment. There is also a maximum tax credit that can be earned for each target group.
Congruity's hand-picked team of professionals specialize in WOTC, and their process for capturing these credits is straightforward and simple. Let Congruity will translate your existing hiring practices into significant tax savings, without any administrative headaches.
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