Work Opportunity Tax Credit
Purpose
The Work Opportunity Tax Credit (WOTC) is a federal tax incentive for businesses to hire certain candidates with barriers. This gives you the opportunity to expand the diversity of your workforce and the number of new candidates to consider for employment. Businesses can get tax breaks for hiring from these target groups:
- Qualified veterans
- Justice-involved candidates
- Persons with disabilities
- Recipients of long-term unemployment (27 weeks)
- Recipients of public benefits
All applicants must be submitted within 28 days of the employee's start date. Businesses will apply online using your Secure Access Washington (SAW) account. Don't have a SAW account? Connect with a consultant from Talent Solutions by WorkSource Spokane to assist with your account creation.
Benefits
Reduce federal business taxes by up to $9,600 per eligible employee hired
Diversify your workforce through this cost-effective approach to recruiting
Employment Security Department will approve and forward the application to the IRS on your behalf
Additional Resources
Click the links below to learn how your business will benefit from diversifying your workforce:
- Employment Security Department
- Internal Revenue Service
- U.S. Department of Labor - Employment & Training Administration
Click here to request a consultation with Talent Solutions
Click here for the printable version of this webpage
