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WOTC – Work Opportunity Tax Credit

Author: 
Paycor
Publication date:
October 14, 2022
Article Summary: 

The blog explains the Work Opportunity Tax Credit (WOTC) and how it can benefit employers. It defines the WOTC as a federal tax credit available to employers who hire individuals from certain targeted groups, such as veterans, long-term unemployed individuals, and ex-felons. The blog outlines the benefits of the WOTC, including reducing an employer's tax liability and providing financial incentives for hiring targeted individuals. It also provides details on the application process for the WOTC and the steps employers can take to claim the credit. Additionally, the blog emphasizes the importance of understanding the eligibility criteria and documentation requirements to maximize the benefits of the WOTC.

Keywords: 

Work Opportunity Tax Credit, WOTC, employers, targeted groups, veterans, long-term unemployed individuals, ex-felons, tax credit, tax liability, financial incentives, application process, eligibility criteria, documentation requirements.

Source Citation: 
Paycor
WOTC – Work Opportunity Tax Credit
October 14, 2022
https://www.paycor.com/resource-center/articles/wotc-work-opportunity-tax-credit/
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