Work Opportunity Credit

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Glossary: Work Opportunity Credit

By | April 7th, 2016|Categories: Small Business Tax and Accounting|Tags: , , |

The Work Opportunity Tax Credit is a tax credit available to employers who hire employees from certain targeted groups.

Accounting for the Work Opportunity Credit on an Iowa Tax Return

By | April 4th, 2014|Categories: Small Businesses Taxes, State Taxes|Tags: , |

Question: does Iowa recognize the Work Opportunity Credit? Answer: no, but they do allow a deduction equal to the amount of credit claimed. Analysis and Background The Work Opportunity Tax Credit (WOTC) is a federal tax credit designed to reward employers for hiring people from certain targeted demographics. I went into more detail about the credit [...]

Work Opportunity Credit Mathematical Computations

By | August 21st, 2013|Categories: Potpourri of Tax Topics|Tags: , |

An example of how to calculate the Work Opportunity Credit.