Employer tax credits, also known as work tax credits or job tax credits, are credits that the federal and state governments give to companies that hire and retain certain disadvantaged individuals. These individuals are typically on public assistance.
Unless each of your employees is completing a basic questionnaire, you’ll never know.
EmployerIncentives.com screens all employees by asking each new hire to complete two simple forms. Many companies are surprised at how many employees qualify for one of many different work tax credit programs. Some even qualify for multiple programs.
1. Tax credits to reduce your tax liability.
2. Wage subsidies to reimburse you for qualified wages.