Workforce Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a federal income tax benefit administered by the U.S. Department of Labor for employers who hire individuals from specified target populations. WOTC reduces a business’s federal tax liability, serving as an incentive to select job candidates who may be disadvantaged in their efforts to find employment.
Category: Workforce Solutions Middle Rio Grande
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An employer may qualify for a state tax refund if they pay individual taxes (franchise, state, inheritance, hotel, or manufactured housing) to the Texas Comptroller of Public accounts; and pay wages during the first year of employment to an employee who is a Texas resident...
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