Work Opportunity Tax Credits (U.S. DOL)

Work Opportunity Tax Credits (U.S. DOL) Federal tax credits that encourage employers to hire people that usually have a difficult time being hired (ex-felons, disabled veterans, etc.).

What's the value to me?

If you are hiring people and looking to see if you qualify for tax credits.

Description & Overview

Federal tax credits that are designed to encourage employers to hire individuals who have consistently had the most difficulty in securing employment.

Services

  • Maximum tax credit per new hire for most of the Work Opportunity Tax Credit groups is $2400.
  • Maximum tax credit for the Disabled Veteran group is $4800,
  • Maximum tax credit for the Summer Youth group is $1200
  • Maximum tax credit for the Long-Term Family Assistance Recipient group is $9000 (over a two year period).

Criteria

Individuals who are qualified include:

  • Temporary Assistance to Needy Families (TANF) recipients
  • Veterans who receive food stamps
  • Disabled veterans
  • Ex-felons
  • Designated Community Residents aged 18-39 residing in an Empowerment Zone
  • Individuals referred from an approved state or federal vocational rehabilitation program
  • Summer youth
  • Food stamp recipients
  • Supplemental Security Income recipients
  • Long-term Family Assistance recipients

Contact

200 Folly Brook Boulevard
Wethersfield, CT 06109

Sharon Grip
P: 860-263-6060
W: Department of Labor

Phases:

Launch
Scale
Plateau

Related Tax credits