WOTC
The average WOTC benefit per qualified employee is $2,400 and can be as much as $18,000. That means potentially 10 qualified employees could yield a Federal Income tax credit between $24,000 and $180,000. Additionally, WOTC credits may be carried back 1 year and carried forward 20 years. WOTC stands for the "Work Opportunity Tax Credit" and is not one but several tax credits given to employers at a Federal level for hiring qualified employees. Annually employers claim over $1