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Articles from The Insider’s Report archives go back over several years. Some articles may include date-sensitive information or other information that has changed over time.
Please consult with your advisor or Kallas Company for updated information or if you have any questions.

The WOTC (Work Opportunity Tax Credit) can be used to reduce your taxes. It is a Federal credit calculated off your payroll and is based on you hiring certain hard to employ target groups.

If you hire a person who belongs to one of the following groups, you can obtain the credit:

TARGET GROUPS

MAXIMUM TAX
CREDIT

AGE
REQUIREMENT

Designated Community Resident

 $2,400

18-39

Ex-Felon

 $2,400

NONE

Food Stamp Recipient

 $2,400

18-39

Summer Youth

 $1,200

16-17

Supplemental Security Income
(SSI Recipient)

 $2,400

NONE

Long Term Family Assistance
Recipient

 $9,000

NONE

Service Connected Disabled Veteran

 $4,800

NONE

Vocational Rehabilitation Referral

 $2,400

NONE

The credit, although generous, requires a substantial amount of pre-hiring certification and follow-up.

If you are interested in starting a hiring process that includes WOTC application processing. Contact Julie at Kallas and she will send you a package of procedures.

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