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Which Candidates Qualify Employers for the Work Opportunity Tax Credit?
The Work Opportunity Tax Credit (WOTC) is a federal incentive program that encourages employers to hire employees from certain groups who have historically faced significant barriers to employment. The tax credits, worth up to $9,600 per new hire, can significantly impact an employers' bottom-line.
Businesses may be wondering which candidates qualify and the amount of tax credits they can receive. Below is a breakdown of eligible WOTC target groups and their credit caps:
Veteran Target Groups
- $9,600 - Veterans with a service-connected disability who have been unemployed for at least 6 months in the past year
- $4,800 - Veterans with a service-connected disability and hired within 1 year of their discharge/release date
- $5,600 - Veterans who have been unemployed for at least 6 months
- $2,400 - Veterans receiving Supplemental Nutrition Assistance Program (SNAP) benefits
- $2,400 - Veterans who have been unemployed for at least 4 weeks but less than 6 months
Non-Veteran Target Groups
- $9,000 - Long-Term Family Assistance recipients who are members of a family that has received TANF benefits for at least 18 consecutive months
- $2,400 - Temporary Assistance for Needy Families (TANF) recipients
- $2,400 - SNAP recipients
- $2,400 - Long-term unemployed
- $2,400 - Supplemental Security Income recipients
- $2,400 - Vocational rehabilitation referrals
- $2,400 - Ex-felons
- $2,400 - Designated community residents
- $1,200 - Summer Youth program participants who are 16 to 17 years old, work between May 1 and September 15, and live in a designated community area
Have Questions or Need More Information?
What Clients Say About OnCentive:
Don't just take it from us.
Morgan Akins, The Arc of Tuscaloosa
"The OnCentive team helped our non-profit raise hourly wages to attract and retain employees through a very difficult labor market. The services we provide our clients are critical to the community. Thanks to OnCentive we are able to remain competitive as an employer. Their team is great to work with and without a doubt will help you maximize the amount your organization can recover.”
Tawny DeBolt, Neon HCM
"OnCentive has delivered millions of dollars in credits to our clients. We had them take a look at our business and they found over $100k in cash refunds for our company. Their staff treats every one of our clients like they are their own and our clients and ecstatic we made the introduction."
Cliff Morgan, CFO Concrete Guys
"OnCentive has exceeded our expectations. We were skeptical on whether or not these programs would work for us but they absolutely made us believers. I would highly recommend them to any business looking to increase its profitability.”
Led by Tax Attorneys,
CPAs & Credit Experts
Our leadership has over 150 years of combined tax experience. With $3 billion in incentives captured, you are in good hands with OnCentive.
Quality Guaranteed
In the unlikely event that your credit is ever contested, the OnCentive team will defend our work and will fully refund any credits that are disallowed.
Maximum Credit Yield
Our profitability is tied with yours. We work off success fees which means we are motivated to find the maximum credits your business can qualify for.
