Work Opportunity Tax Credit (WOTC)
The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to businesses that hire individuals from certain target groups who have consistently faced significant barriers to employment. Businesses can receive a credit ranging from $1,200 to $9,600 for hiring qualified individuals. The Consolidated Appropriation Act, 2021 authorized the extension of the Work Opportunity Tax Credit (WOTC) until December 31, 2025. A WOTC credit equal to 40% of the first $6,000 in qualified first year wages, for a maximum credit of $2,400. Qualified individuals must complete at least 120 hours of work to qualify for the partial WOTC credit of $1,500, and over 400 hours for the full $2,400 credit.
Grant Deadline
Deadline not available
Funding Amount
Range between $1,200 - $9,600
Type of Grant
Tax Credit, Hiring
Sectors
All Sectors
Demographics
Person with Disabilities, Formerly Incarcerated, Veteran
Incorporation
For Profit
Perks
Region Restriction
This grant is restricted to whole of United States
Keywords
tax credit, federal income, Hiring Individuals, Barriers
Age Restriction
This grant is age restricted from 18 to 100
Eligibility and Requirements
Eligible Target Groups
The WOTC Desk Aid explains in more detail the different target groups, and their eligibility criteria.
- Short-Term Recipients of Temporary Assistance to Needy Families (TANF) - $2,400
- Veterans - $2,400 - $9,600
- Ex-Felon - $2,400
- Designated Community Resident (DCR) - $2,400
- Clinton and Montgomery Counties, Syracuse, Lower Manhattan, South Bronx, and Yonkers
- Vocational Rehabilitation Referral - $2,400
- Summer Youth - $1,200
- Supplemental Nutrition Assistance Program (SNAP) Recipient (aka Food Stamps) - $2,400
- Supplemental Security Income (SSI) Recipient - $2,400
- Long-Term Family Assistance Recipient - $4,000
- Long-Term Unemployed - $2,400
Grant Application website
https://dol.ny.gov/wotc-program
Contact
Contact Us
For general inquires, call us at 518-457-6823 or 800-HIRE-992
For the convenience of our applicants, the contact information for submitting WOTC forms via US Mail, Email or Fax is provided below.
- Contact us by phone:
- General Phone 518-457-6823
- Contact us by email:
- AskNYWOTC@labor.ny.gov
- Mailing Address:
- NYS Department of Labor
- Attn: WOTC Unit
- State Office Campus
- Building 12, Room 408
- Albany, NY 12226
- Contact us by fax:
- 518-485-1359
- Map Directions:
- Harriman State Office Campus
- Albany NY, 12226