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Who makes Work Opportunity Credits easy to capture? ... In 2012 will W.O.T.C. be unclaimed 'money left on the table' or after-tax profit still in your bank account?The Work Opportunity Tax Credit Program (WOTC) gives employers a federal income tax credit for employing personnel from specific target groups identified as having historically high unemployment rates by the federal government.MCM provides consulting and administrative support to help businesses capture these employer tax credits. Though quite complex and burdensome to administer in-house, WOTC credits make sense when supported by the client-friendly support services of MCM. How WOTC Credits Are Calculated • WOTC-qualified employees are members of at least 1 target group. • Main Target Groups’ maximum: $2,400 per WOTC employee. • Disabled Veterans maximum: $4,800 per WOTC employee. • Long-term Welfare Recipients maximum: $9,000 per employee over 2 years. • WOTC qualified new hires must work at least 120 hours to qualify for tax credits. • WOTC wage limits are applied to rates of 25%, 40% and 50% per IRC Section 51. Discover which tax credits would be most profitable for your organization to pursue; contact MCM today for your complimentary evaluation. Contact us now to begin capturing these valuable tax credits. Or, be our guest for a live webinar in the comfort of your own home or office. Click here to register Tax Credit Webinar. |
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