BENEFIT OF THE WOTC PROGRAM:

The WOTC tax credit was put into place to encourage employers to hire people in certain demographic groups. They would then get the benefit of a Federal tax credit under the Work Opportunity Tax Credit program (WOTC). Employers are eligible to receive a 40 percent tax credit on the first $6,000 paid in wages during the first full year of employment (maximum $2,400 tax credit).

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