Activities that typically qualify
Hiring from Certain Groups
To encourage companies to hire people who often experience barriers to employment, such as veterans, public assistance recipients, or ex-felons, the government offers initiatives designed to grant employers tax-saving opportunities.
Creating New Jobs
Several state and local governments offer economic development incentives that provide support for companies that invest and expand their operations and workforce within the state to bring new jobs to their communities.
Training & Upskilling
Many states help employers address the cost associated with upgrading the skills of workers. They recognize that it leads to good paying, long-term jobs and bolsters business attraction, retention, and expansion.
Federal Work Opportunity Tax Credit (WOTC)
WOTC grants tax credits towards an employer’s federal income tax liability. Credits range from $1,200 to $9,600 per qualified new hire, depending on the new hires' WOTC target group.
State Point-of-Hire Tax Credits
Many states offer hiring credits like the WOTC for job creation. We call these “piggyback credits” since we can capture the state credits simultaneously when screening for the WOTC.
Elevate Your Tax Savings with WOTC
Learn how your business can save on income tax liability by hiring individuals who often experience employment roadblocks.
We have been pleasantly surprised at the substantial dollar-for-dollar credits that CTI has captured. There is no effort on our part, we just reap the benefits. It is so easy and simple a process with CTI. It’s a no-brainer...