WORK OPPORTUNITY TAX CREDITS (WOTC) are available to employers hiring from one or more targeted groups. The tax credit is equal to 40% of the qualified wages for those employed 400 or more hours; 25% for those employed at least 120 hours.
The consolidated WOTC for hiring most target group members can be as much as $2,400 for each new adult hire; $1,200 for each new summer youth hire; and $9,000 for each new long-term family assistance recipient hired over a two-year period. Your business services representative can help you take advantage of this program. Find additional information regarding the WORK OPPORTUNITY TAX CREDIT, (617) 626-5363.