The Work Opportunity Tax Credit (WOTC) offers employers federal tax savings up to $2,400 for hiring individuals from targeted groups facing employment barriers. Eligible hires must be verified and complete minimum work hours to qualify for partial or full credits. Targeted groups include TANF recipients, veterans with disabilities or unemployment, ex-felons, youth in empowerment zones, and disabled persons receiving rehabilitation services.
Employers who hire individuals verified as members of targeted groups such as TANF recipients, veterans with specific conditions, ex-felons, youth in empowerment zones, and disabled persons receiving rehabilitation services are eligible.
