Tax Credits Blog

WOTC Extended through 12/31/19

In December, Congress authorized and the President signed the programs back into existance allowing companies to go back to 2015 and file for any emplyees they didn't file for in the past.


In additon, the Empowerment Zones are re-extended though 12/31/16.


Ken Brice


WOTC still not authorized for 2015

The latest is that we expect the programs to be reauthorized through 12/31/16 and be attached to the Highway Bill due out at the end of the month.  Having said that, its not a guarantee - just a best guess by our coalition executives in Washington.


Its important that you continue sending in the forms to the agencies as its not assured that the IRS will open up 2015 to those who didn't file as they've done in past years.  To be safe, work within the 28 day window from hire date and make sure the new hire signs the form on or before their hire date.


Ken BRice



Turn your Human Resources Department into a PROFIT CENTER

Turn your Human Resources Department into a PROFIT CENTER


Enterprise Zone and Work Opportunity Tax Credits represent an easy way to recapture your tax dollars, improve cash flow and increase company profits.


The Work Opportunity Tax Credit (WOTC) is a Federal tax credit that is available to employers for hiring individuals from certain target groups who have consistently faced significant barriers to employment.


Employers who have locations in Empowerment Zones are eligible for up to $3,000/year per qualified employee with claims in tax credits going back to 2014.


All for-profit Employers with new hires in any of the categories listed below are eligible for tax credits.


The qualifying target populations include:

  • Temporary Assistance for Needy Families (TANF) Recipient – $2,400

  • Recently Released Ex-felons -$2,400

  • Designated Community Resident – $2,400

  • Vocational Rehabilitation  Client – $2,400

  • Supplemental Nutritional Assistance (SNAP) Recipient – $2,400

  • Supplemental Security Income Recipient – $2,400

  • Long-Term Family Assistance (TANF) Recipient – $9,000

  • Veteran Unemployed four weeks – $2,400

  • Veteran Unemployed six or more months – $5,600

  • Recently Discharged Disabled Veteran – $4,800

  • Disabled Veteran Unemployed six or more months $9,600


EmployerIncentives.com provides tax recovery services enabling your HR staff to document and recover valuable taxes spent.



To Learn more, call Ken Brice at 888 236 7339  ext 706

15 years experience: Better Business Rating of A+



Most Companies overpay their Federal Income Taxes

moneyMillions of Business owners overpay their Federal taxes by not claiming their eligible tax credits. Companies located in Federal Empowerment Zones can claim up to $3,000 per year for each eligible employee with claims going back to 2013. Typically 20-25% of all employees are eligible for the credit with the average credit being approximately $2,000. 



Basic Math – If you’re located in a Federal Empowerment Zone, take the number of employees paid last year, multiply by 20% and then by $2,000 to get the estimate for 2014 Empowerment Zones Credits – then, multiply that number by 3 to get the amount of money left on the table for the past 3 years. Call us to find out if you’re in the right zone.



Any For-Profit companies are eligible for the Work Opportunity Tax Credit program which has been around since 1996. Credits for hires in 2015 are about to be approved by Congress and employers are strongly advised to follow two simple rules to claim their 2015 credit.


Read more: Most Companies overpay their Federal Income Taxes

Update from Paul Suplizio, President of WOTC coalition

June 17, 2015 Ways and Means Chairman Paul Ryan confirmed, in a speech to the CFO Network yesterday, he’s in active discussions with Treasury for a corporate tax reform deal in the next few months. The priority will be on overhauling international taxes, raising revenue by taxing offshore income of multinationals on which US taxes are currently deferred. But all corporate tax provisions will be considered, which means tax extenders like WOTC. Ryan is talking to Treasury Secretary Lew because Congress agrees the road to tax reform must be bi-partisan—for Republicans to get a corporate tax cut “down payment” on broader tax reform, the White House must have a voice at the table. That the White House supports permanent WOTC is of course an advantage as we go into these talks. Members of Congress in both parties see reforming international taxes as the major funding source for a long-term highway bill, which is due to expire July 31st. When asked if he would consider it, Ryan told the CFO’s, “that would work.” The firms who will have to pay those taxes are raising objections, but in the past they reconciled to being taxed when Congress offered a low rate. Even a low rate raises a lot of revenue. The Senate Finance Committee’s work group on international taxes must report recommendations to Chairman Orrin Hatch on June 26th. It’s known the tax changes they’re considering will generate major revenue that could be used to fund a highway bill. Still, for anything significant to emerge from the Senate in the short time window, bi-partisan consensus on a bill is needed and the Senate mood is very contentious right now. Nevertheless, Chairmen Ryan and Hatch are on a path to writing a corporate tax reform bill during the next three months, thus a decision on permanent WOTC could come anytime in that window. PAUL E SUPLIZIO President, WOTC Coalition .