It is very important in today's business to be able to take advantage of any resources available that can positively impact your bottom line.  Tax Credits and Tax Incentives are among those resources that are often overlooked.  You may be thinking that filling out the forms and dealing with the paperwork related to Tax Incentives and Credits will be too difficult or time consuming.  The truth is the paperwork is not very difficult at all, and there is a good chance your most successful competitors are already doing it.

Call our Employer Services Division Specialists and start taking advantage of available Tax Credits and Tax Incentives.

• Work Opportunity Tax Credit

The Work Opportunity Tax Credit is a federal tax credit used to reduce the federal tax liability of private-for-profit employers.  Employers can hire from eight different targeted groups, that can provide a credit of up to $2,400 per employee.

• Welfare-to-Work Tax Credit

The Welfare-to-Work Tax Credit is used to reduce the tax liability of employers who employ former Temporary Assistance to Needy Families (TANF) recipients, and can provide a credit of up to $8,500 per employee.

• Temporary Assistance for Needy Families (TANF) State Tax Refund

The Temporary Assistance for Needy Families (TANF) State Tax Refund is not a tax credit, but an actual tax refund.  Employers who employ former TANF or Medicaid recipients may qualify for a tax refund of up to $2,000 per employee.

For more information about the Work Opportunity Tax Credit, the Welfare-to-Work Tax Credit or the State Tax Refund, please contact our office or call the Texas Workforce Commission WOTC Unit at 1-800-695-6879.

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