Tuesday Jun 18, 2024
June 18, 2024 WEBINAR - ZOOM FREE WEBINAR Join us as we hear from the PA Dept of L&I about a great Federal program designed to help you hire employees and cover some of your costs. Employers generally can earn a tax credit equal to 25% or 40% of a new employee's first-year wages, up to the maximum for the target group to which the employee belongs. Employers will earn 25% if the employee works at least 120 hours and 40% if the employee works at least 400 hours. Workforce Tax Credit Presentation
Date and Time
11:00 AM - 12:00 PM EDT
11AM - 12PMLocation
Fees/Admission
Description
The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers for hiring individuals from specific target groups who have consistently faced significant barriers to employment. WOTC joins other workforce programs that incentivize workplace diversity and facilitate access to good jobs for American workers.
WOTC helps targeted employees move from economic dependency to self-sufficiency while earning a steady income and becoming contributing taxpayers.