Human Resources Help – Work Opportunity Tax Credit

Monday, July 19, 2010 by Human Resources

The Work Opportunity Tax Credit offers a federal tax break to employers that hire workers from targeted disadvantaged groups on or before Aug. 31, 2011. 

  • The credit is worth up to 40 percent of the first $6,000 of qualifying wages paid to a WOTC-certified worker employed at least 400 hours.
  • For certified employees working at least 120 hours but less than 400 hours, the credit is 25 percent of the first $6,000 in wages.
  • For qualifying youths hired for summer work, the credit applies only to the first $3,000 in wages paid.
Management 2000, a PEO in Indianapolis, Indiana, understands that businesses, especially smaller ones, must find ways to operate efficiently at all levels.  The experienced HR professionals at Management 2000 provide the HR support employers need to develop an HR strategy that not only ensures legal compliance, but also helps control costs.  Contact Management 2000 at (317) 549-2000 or at www.management2000.com for more information.

 

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