Workforce Tax Credit Presentation
Date and Time
Tuesday Jun 18, 2024
11:00 AM - 12:00 PM EDT
June 18, 2024
11AM - 12PM
Location
WEBINAR - ZOOM
Fees/Admission
FREE WEBINAR
Description
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.
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.
- The employer makes the final hiring decision on candidates presented.
- There is minimal paperwork to complete for claiming the tax credit.
- The employer can hire as many qualified candidates as the business needs.
- There are numerous qualified groups of candidates to hire, including veterans
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.
Printed courtesy of www.indianvalleychamber.com/ – Contact the Indian Valley Chamber of Commerce - PA for more information.
121 E. Chestnut Street, Souderton, PA 18964 – (215) 723-9472 – ivchamber@indianvalleychamber.com