U.S. WORKPLACE OPPORTUNITY TAX CREDIT
Category: Federal
This is a federal income tax benefit administered by the U.S. Department of Labor, for private, for profit employers who hire from target populations. The US Work Opportunity Tax Credit (WOTC) reduces a business’ federal tax liability, serving as an incentive to select job candidates who may be somewhat disadvantaged in their efforts to find employment. Hiring from a select group of qualified job seekers can mean direct federal tax savings to your business ranging from $1,200 to $9,600 per qualifying employee.
Contacts
Susan Dixon
Katy Area Economic Development Council
Marketing & Business Development
2002 W. Grand Parkway N. Ste. 220
Katy, TX 77449
Phone: 2813962201
sdixon@katyedc.org
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