CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit.
Today’s WOTC Wednesday question: Is it Worth it to use the Work Opportunity Tax Credit?
CMS Responds: Is it Worth it for Employers to do the Work Opportunity Tax Credits? Absolutely! We know that statistically over the last 20+ years of performing WOTC services that 10-15% of the workforce qualifies for the WOTC program. So, if we have 100 new hires per year, we know 15% of them qualify we say the average tax credit is $2,000. That’s $30,000 in tax credit savings per year. So, absolutely, take advantage of the program.
Learn More: Work Opportunity Tax Credit Webinar on October 29th
Join us on Tuesday, October 29th at 1:00pm Eastern Time for an overview of the Work Opportunity Tax Credit, and how it works with iRecruit.
- When to screen applicants best practices
- How to calculate your potential tax credits
- Who is eligible for WOTC
- What CMS iRecruit does to help
Register Now to Attend this Webinar:
About iRecruit
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