Hey businesses, did you know…
You can qualify for tax breaks by hiring veterans?
The Work Opportunity Tax Credit (WOTC) is a federal tax incentive for businesses who hire candidates from certain target groups, which are listed below. This gives you the opportunity to expand and diversify your workforce. Your company can reduce federal business taxes by anywhere from $2,400 to $9,600 per eligible employee!
Businesses can get tax breaks for hiring candidates who are:
- Qualified veterans
- Qualified justice-involved
- Qualified persons with disabilities
- Qualified long-term unemployment (27 weeks)
- Recipients of public benefits
For more information regarding WOTC and how it can diversify your business, please use the contacts below.
Washington: WorkSource Spokane at 509-532-3186
Idaho: Idaho Department of Labor, Veteran Services at 208-457-8789