Work Opportunity Tax Credit (WOTC)

Work Opportunity Tax Credit (WOTC),

Definition of Work Opportunity Tax Credit (WOTC):

  1. A tax credit provided through a federally funded program for the purpose of encouraging private-sector businesses to hire individuals from targeted groups of disadvantaged, unemployed workers. Participating employers that hire qualified individuals prior to the programs expiration on August 31, 2011 receive a tax credit that offsets their tax liability.

Meaning of Work Opportunity Tax Credit (WOTC) & Work Opportunity Tax Credit (WOTC) Definition