July 31, 2024

Work Opportunity Tax Credit
Steps to Take: How the Work Opportunity Tax Credit (WOTC) Reduces Employer Costs

The Work Opportunity Tax Credit (WOTC) is a valuable tax incentive that encourages employers to hire individuals from certain target groups who face significant barriers to employment. By taking advantage of the WOTC, employers can reduce their federal income tax liability, thereby lowering the overall cost of doing business. Here’s a guide on how employers…

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