Work Opportunity Tax Credit

The Work Opportunity Tax Credit (WOTC) is a federal tax incentive designed to encourage employers to hire individuals from certain groups with barriers to employment, such as veterans, long-term unemployed, and people receiving government assistance. By hiring these individuals, employers can benefit from a tax credit that reduces their federal tax liability, making it financially advantageous to create job opportunities for those in need. This program aims to promote workforce diversity and support economic growth by helping marginalized groups secure employment.