You may know claiming tax deductions and tax credits can help lower the amount of tax you owe, but do you know the difference between the two? What is a tax deduction? A deduction reduces the amount of income you pay taxes on, which means you could pay less in
U.S. Senator Heidi Heitkamp recently announced that she introduced bipartisan legislation that would allow more student veterans in North Dakota and across the country to take advantage of paid internships and
As reported by the CPA Practice Advisor: The IRS has announced that eligible employers who provide paid family and medical leave to their employees
We are pleased to report that on August 8th, AB-916 , the bill proposing the state WOTC program, was passed by bipartisan unanimous 7-0 vote in the Senate Governance and Finance Committee.
The Work Opportunity Tax Credit (WOTC) is a federal program, and it is administered at a state level via State Workforce Agencies who handle the review, processing and distribution of certifications (or denials).
The U.S. Department of the Treasury and the IRS have issued a notice stating that proposed regulations will be issued addressing the deductibility of state and local tax payments for federal income tax purposes. Notice 2018-54 also informs taxpayers that federal law controls the characterization of the payments for federal income tax
Temporary help employment edged up 0.3% from March to April, and was 3.9% higher than in April 2017, according to seasonally adjusted data released today by the U.S. Bureau of Labor Statistics. Year-to-year staffing job growth has averaged 3.8% per month in the first four months of 2018, significantly higher
President Donald Trump quietly issued an executive order on April 10 calling for federal government agencies to enforce new requirements for low-income recipients of food assistance, Medicaid, and low-income housing subsidies to join the work force or lose their benefits. The move is part of the administration’s broad overhaul of
Tax credits vary widely and reduce taxes owed dollar for dollar. But what are tax credits, exactly? Tax credits differ from tax deductions, which most small businesses claim for expenses like office supplies and employee wages, in that deductions serve to reduce taxable income, resulting in lower taxes. Tax credits, on the
On December 20, 2017, Congress passed the Tax Cuts and Jobs Act {see Business Tax Reform, Section E (4) page 287} which President Trump signed into law on Dec. 22, 2017, confirming that “WOTC remains active and will continue to stay”. This is excellent news for companies nationwide, especially those with a substantial amount of new
WOTC.com is a premier provider of Work Opportunity Tax Credit (WOTC) solutions, dedicated to streamlining the new hire process through seamless WOTC integration for our clients and partners.
The WOTC is a federal tax credit that offers companies between $2,400 and $9,600 for each new qualifying hire.
Our team of tax credit professionals specializes in maximizing these credits, often delivering double the benefits compared to other providers.
Copyright © 2025 WOTC Inc.
WOTC Inc. and WOTC.com are Registered Trademarks of TC Services USA Inc.