Receive tax credits for hiring workers from targeted groups! Workforce Solutions Greater Dallas can assist you in documenting new hire eligibility for the Work Opportunity Tax Credit.
For more information contact a Business Relations Representative at 214-302-5555
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit incentive to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment. Eligible groups include:
For most target groups, the WOTC is based on qualified wages paid to the employee for the first year of employment and the number of hours worked. Qualified wages for all groups except veterans and long-term TANF recipients are capped at $6,000. The credit is 25% of qualified first-year wages for those employed at least 120 hours but fewer than 400 hours (maximum credit of $2,500) and 40% for those employed 400 hours or more (maximum credit of $2,400). Long-term TANF recipients and veterans credits are as follows:
A wide range of companies have utilized RAPID RESPONSE, including JCPenny, AT&T, Blue Cross/Blue Shield, Dr. Pepper, Gulf Stream, and BAE Systems.Back to Employer Page