Hiring incentives or Tax Credits have been in place since the mid-70’s. They were created to motivate employers to hire job seekers that have difficulty obtaining employment.
- The Federal program which began as Targeted Job Tax Credits (TJTC) became the Work Opportunity Tax Credit (WOTC) in the mid-90’s
- The WOTC program has evolved adding targeted groups and expanding to include various categories and demographics
- Federal zones were added and have been adjusted over the years to target certain disadvantaged areas
Many States have followed the Federal program by adding economic development areas
Tax credits range in value from $1,200 to over $9,000 per qualified hire
Large volume hiring companies have taken advantage of tax credits for years, now we make this valuable program available to small and mid-size companies through our streamlined cloud-based solution.