What is the Work Opportunity Tax Credit (WOTC)?
The Work Opportunity Tax Credit (WOTC) is a federal tax program designed to encourage employment of people who are disabled, have limited incomes, or face other challenges. Employers who hire individuals in specified target groups are eligible for a federal tax credit under the program. Businesses taking advantage of the WOTC may save as much as $2,400 per qualifying employee. In some cases, the savings may be as high as $9,000 per employee.
