Great News for Employment Partners Who Act before May 1
WOTC provides tax relief to employers who hire from eligible target groups with significant barriers to employment.
Until the end of this month (April 2015), employers can file to claim as much as $9,600 per employee hired during 2014. In 2013, the program was unfunded and is not yet funded for 2015.
Refugees are eligible. One eligiblity criteria is receipt of TANF or SNAP benefits. Each State is different, but most of the cash payments we can provide are considered a TANF replacement.
What You Can Do TODAY
Reach out to your employer partners to be sure they know about this. It’s a great excuse to offer employers one more way you improve their bottom line and make their lives easier. There is no limit on the number of eligible employees they can claim.
Here are two resources provided by the Department of Labor that will help employers (and you) understand how to file.
- Department of Labor brochure
- Employer Tutorial
More Background Information
Many of our employer outreach materials list WOTC tax incentives as one of the benefits of hiring refugees. WOTC filing paperwork is a common part of many new hire packets you probably help clients complete. Many savvy employers did not remove this paperwork even though the program was unfunded during 2014. Now, you can understand why.
Click here to read all of the details you’ll need to understand in order to better help employers. Thanks to HRBartender for helping me catch this one.
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