User Profile

Lezlie Nitz

Bio Statement

WOTC is a Federal tax credit available to companies who hire and retain veterans and individuals from other target groups with significant barriers to work. Companies claim about $1 billion in tax credits each year under the WOTC program. There is no limit on the number of people a company can hire to qualify to claim the tax credit. The Work Opportunity Tax Credit was started in 1996 to motivate companies to work with and maintain veterans and individuals from other target groups. The credit was set up to be eliminated for 2015, however the PATH Act of December 2015 reinstated the tax credit and extended it through December 31, 2019. How Does the Work Opportunity Tax Credit Work? The Work Opportunity Tax Credit is not one but a number of tax credits provided to employers for hiring certain people who meet particular requirements. The quantity of tax credit you can claim depends on a number of aspects

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