Did you know that your business
could receive up to $2400-9600 when you hire eligible military
veterans or public aid recipients?
The Work Opportunity Tax Credit
(WOTC) rewards employers for employing from eight, separate target
groups. These range from young, military war veterans to food stamp
(SNAP) and family assistance recipients (TANF). Additionally,
pending legislation may include more groups, such as the long-term,
unemployed .
Currently, qualified persons
include:
Military veterans who have
suffered from service connected disabilities, been unemployed in the
last 12 months, or received SNAP benefits.
SNAP (Food Stamps) Recipients
TANF (Long Term Temporary
Assistance for Families)
Short-term TANF recipients
Designated Community Residents
Ex-felons
Social Security Income (SSI)
recipients
Summer Youth Employees (residing
in an Empowerment Zone)
Many
people were out of work with the recent recession years. Do you know
a young parent who's been laid off or maybe someone who is struggling
to make ends meet? This month, the USDA reports that over 46 million
are receiving food stamps. That's more than California's state
population.
As our
soldiers return from duty, more and more new veterans are searching
for work. How many former service men and women have you met who
fought overseas in the past two years? Businesses who hire in this
segment can qualify for up to $9600 for new hires.
Hiring
from these populations could boost your bottom line or reduce your
tax liability by thousands. To learn more, visit the Department of
Labor's WOTC page, or contact me at Tax Credit Management Group,
L.L.C. I would be happy to answer any questions.
www.taxcreditmgmtgroup.com
www.doleta.gov/business/incentives/opptax/