De Smet Employers may qualify for the Work Opportunity Tax Credit
Wednesday, August 17, 2016
The Work Opportunity Tax Credit for Rural Renewal Counties
As economic developers, we’re always on the lookout for incentive programs we can utilize to sweeten the deal. So today we’re going to talk about The Work Opportunity Tax Credit (WOTC).
The WOTC is a federal income tax credit available for employers who hire individuals from certain targeted groups. It has been around for a while and was set to expire at years-end 2014, but it was reauthorized through 2019 this past December.
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