User Profile

Allie Nurse

Bio Statement

Work Opportunity Tax Credit is a Federal tax credit offered to employers who work with and retain veterans and people from other target groups with substantial barriers to work. Companies declare about $1 billion in tax credits each year under the Work Opportunity Tax Credit program. There is no limitation on the variety of people an employer can employ to qualify to receive the tax credit. The Work Opportunity Tax Credit was started in 1996 to motivate employers to hire and maintain veterans and individuals from other target groups. The credit was arranged to be removed for 2015, but the PATH Act of December 2015 reinstated the tax credit and extended it through December 31, 2019. How Does the WOTC Work? The WOTC is not one but numerous tax credits provided to companies for employing specific people who satisfy specific requirements. The quantity of tax credit you can claim depends upon numerous aspects

With the usage rate of less than five percent, entrepreneur are leaving a ton of cash unclaimed for this tax credit.