You read that right! Your business can earn up to a $9,600 tax credit for each new person you hire.
How? The Work Opportunity Tax Credit (WOTC) is a federal tax credit that encourages employers to hire people facing barriers to employment. Qualifying individuals include some veterans, individuals who have received government assistance through various programs, or simply those who have been unemployed for an extended period.
You’ll have a lower cost of doing business through your reduced federal income tax liability.
And thanks to your help, qualifying individuals will move from economic dependency to self-sufficiency, which has a lasting positive effect on your business and in our communities.
Four Important Things You Must Know.
Employers can receive up to $9600 for every new hire
Only 2 pieces of paper are required to apply for the credit
The OregonTaxCredit team is dedicated to helping business owners receive this credit
Submitting forms using the online portal is fast and easy
Visit OregonTaxCredit.org and submit your business information using the web form at the bottom of the page and our team will be happy to share the details of this program and start saving you money today!
Call OregonTaxCredit team at 503-947-1670, or email us at Oregon.WOTC@oregon.gov
Congratulations if you are reading this and you found a new job! We know that these past few years have been extremely hard on a