Who is Eligible for the WOTC?<\/h2>\n
Eligibility is determined by hiring employees from\u00a0the following groups:<\/p>\n
\u2022 Veterans
\u2022 Temporary Assistance for Needy Families (TANF) Recipients
\u2022 SNAP (food stamp) Recipients
\u2022 Designated Community Residents
\u2022 Vocational Rehabilitation Referral
\u2022 Ex-Felons
\u2022 Supplemental Security Income Recipients
\u2022 Summer Youth Employees<\/p>\n
View more details about these groups here<\/a><\/strong>.<\/p>\n Restaurant with 100% turnover and 100 employees on average:<\/p>\n How GTM Will Help<\/strong><\/p>\n Our process is simple \u2013 we provide a link to an online portal where your employees answer a few questions to determine eligibility. We then file your claim with the IRS and state agencies. Once the claim is processed, you\u2019ll be notified how much credit you will receive, and those credits will be applied to your next tax returns.<\/p>\n Clients will have access to real-time data such as credits certified, pending credits, and\u00a0year-to-date\u00a0screening status. This data provides employers with real-time insights and analytics to assist in making important hiring decisions.<\/p>\n Get started now\u00a0\u2013 for clients, contact your sales rep or Account Manager and they\u2019ll provide the details. Want to become a client? Contact us for more information at (518) 373-4111 or get a free payroll quote here<\/a>.<\/p>\n [\/et_pb_text][\/et_pb_column][et_pb_column type=”1_4″ _builder_version=”4.16″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Template sidebar” _builder_version=”4.25.1″ text_font=”||||” header_font=”||||” background_size=”initial” background_position=”top_left” background_repeat=”repeat” module_alignment=”left” use_border_color=”off” border_color=”#ffffff” border_style=”solid” global_module=”3052″ saved_tabs=”all” global_colors_info=”{}”]<\/p>\n <\/p>\n Learn more<\/a><\/p>\n [\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":" Your business may have money available to you that you don’t even know about. If you’ve hired employees from eligible target groups, you can receive up to $9,600 in Federal tax credit from the Work Opportunity Tax Credit (WOTC) program.<\/p>\n","protected":false},"author":7,"featured_media":0,"parent":55,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":" Could your business use some extra income? The Work Opportunity Tax Credit<\/a><\/strong> (WOTC) is a Federal tax credit\u00a0available to employers who hire individuals from eligible target\u00a0groups with significant barriers to employment.\u00a0Employers can earn a tax credit of between $1,200 and $9,600 per employee<\/strong>, depending on the\u00a0target group of the new employee and the number of hours worked in the first year. Employees\u00a0must work at least 120 hours in the first year of employment to receive the tax credit.<\/p> Eligibility is determined by hiring employees from\u00a0the following groups:<\/p> \u2022 Veterans View more details about these groups here<\/a><\/strong>.<\/p> To see a case study example\u00a0illustrating how much money you could receive, click here<\/a><\/strong>.<\/p> How GTM Will Help<\/strong><\/p> Our process is simple \u2013 we provide a link to an online portal where your employees answer a few questions to determine eligibility. We then file your claim with the IRS and state agencies. Once the claim is processed, you\u2019ll be notified how much credit you will receive, and those credits will be applied to your next tax returns.<\/p> Clients will have access to real-time data such as credits certified, pending credits, and\u00a0year-to-date\u00a0screening status. This data provides employers with real-time insights and analytics to assist in making important hiring decisions.<\/p> Get started now\u00a0\u2013 for clients, contact your sales rep or Account Manager and they\u2019ll provide the details. Want to become a client? Contact us for more information at (518) 373-4111 or get a free payroll quote here<\/a>.<\/p>","_et_gb_content_width":"","footnotes":""},"folder":[],"class_list":["post-3984","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages\/3984","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/comments?post=3984"}],"version-history":[{"count":5,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages\/3984\/revisions"}],"predecessor-version":[{"id":15776,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages\/3984\/revisions\/15776"}],"up":[{"embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/pages\/55"}],"wp:attachment":[{"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/media?parent=3984"}],"wp:term":[{"taxonomy":"folder","embeddable":true,"href":"https:\/\/gtm.com\/business\/wp-json\/wp\/v2\/folder?post=3984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}WOTC Case Study<\/h2>\n
Example: WOTC for a restaurant with 100 employees<\/h3>\n
\n
\n
\n
Free Download: Your Complete Business Solution<\/h5>\n
![\"ASO](\"https:\/\/gtm.com\/business\/wp-content\/uploads\/2024\/06\/ASO-Brochure-230x300.jpg\")
<\/a><\/p>\nNeed Help?<\/h5>\n
![\"phone-icon-2\"](\"https:\/\/gtm.com\/business\/wp-content\/uploads\/phone-icon-2.png\"){kind=icon}
<\/a>\u2003Call 518-373-4111<\/span><\/div>\n![\"inquiry-icon-2\"](\"https:\/\/gtm.com\/business\/wp-content\/uploads\/inquiry-icon-2.png\"){kind=icon}
<\/a>\u2003Email Us<\/a><\/span><\/div>\nRefer a business and earn rewards<\/h5>\n
\u00a0<\/h5>\n
Free Download: The Complete Guide to Small Business Payroll<\/h5>\n
![\"Complete](\"https:\/\/gtm.com\/business\/wp-content\/uploads\/2021\/10\/Pages-from-The-Complete-Guide-to-Small-Business-Payroll-FINAL-scaled.jpg\")
<\/a><\/p>\n\u00a0<\/h5>\n
Stay up to date with our newsletter<\/h5>\n
![\"newsletter-sub\"](\"https:\/\/gtm.com\/business\/wp-content\/uploads\/newsletter-sub.png\")
<\/a><\/p>\n
\u2022 Temporary Assistance for Needy Families (TANF) Recipients
\u2022 SNAP (food stamp) Recipients
\u2022 Designated Community Residents
\u2022 Vocational Rehabilitation Referral
\u2022 Ex-Felons
\u2022 Supplemental Security Income Recipients
\u2022 Summer Youth Employees<\/p>