Over $1 billion in Work Opportunity Tax Credits are handed out every year. Earn more for your business with automated WOTC screening and reporting for eligible new hires.
In a few simple steps, applicants fill out all the necessary information for WOTC screening in Workforce.com's applicant tracking and onboarding system.
Workforce.com uses applicant information to fill out all necessary forms for WOTC qualification and submits these forms to your state's workforce agency.
As employees clock in and out on Workforce.com, the system keeps track of their hours and pay in preparation to calculate tax credit at the end of the year.
At the end of the year, you'll receive a report from Workforce.com documenting your tax credits. After filing this report alongside your taxes, you'll receive credit in your tax return.
Qualified veterans, up to $9,600
Long-term Temporary Assistance for Needy Families (TANF), up to $9,000
Supplemental Nutrition Assistance Program (SNAP) recipient, up to $2,400
Ex-felons, up to $2,400
Supplemental Security Income (SSI) recipients, up to $2,400
Residents in Empowerment Zones or Rural Renewal Counties, up to $2,400
Applicant Tracking
Onboarding
Time and Attendance
Time Clock
Payroll
Wage and Hour Reporting
The Work Opportunity Tax Credit (WOTC) is a federal tax credit that incentivizes employers to hire individuals from specific target groups who face significant barriers to employment. This includes job seekers such as qualified veterans, ex-felons, and individuals receiving Supplemental Nutrition Assistance Program (SNAP) benefits.
The WOTC program targets several groups, including Temporary Assistance for Needy Families (TANF) recipients, Supplemental Security Income (SSI) beneficiaries, qualified veterans, long-term unemployment recipients, and designated community residents from empowerment zones or rural renewal counties.
Employers must complete IRS Form 8850 (Pre-Screening Notice and Certification Request) and submit it to their state's WOTC unit within 28 days of the employee's hire date. They must also submit the ETA Form 9061 (Individual Characteristics Form) to gather additional information about the new employee. Employers may also need to provide additional documentation, like a self-attestation from the employee.
During the application process, we'll prompt applicants to check a few boxes to determine eligibility. From here, we'll complete the forms and send them to your state's workforce agency for review. No work on your end is needed!
Workforce.com will track the hours and pay of all your WOTC qualified staff members to determine tax credit calculation. At the end of the year, you'll claim credits on your business's year end tax return.