Work Opportunity Tax Credit
When it comes to helping employers realize their true tax credit potential, MAXIMUS is both pioneering and progressive. Our extensive history in providing premier tax credit services dates back to 1978, when we began helping companies process their new hires through the Targeted Jobs Tax Credit (TJTC) Program. In 1996, we helped the Internal Revenue Service and the US Department of Labor successfully develop the federal Work Opportunity Tax Credit (WOTC) Program.
What is the WOTC?
The Work Opportunity Tax Credit is a federal hiring incentive for companies that employ individuals from the following target populations:
- Temporary Assistance for Needy Families (TANF) recipients
- Supplemental Security Income (SSI) recipients
- High-risk youth
- Vocational rehabilitation referrals
- Youth employment program participants
- Food stamp recipients
Capturing Eligible Tax Credits and Saving Money
Each year, millions of dollars in tax credits go unclaimed, even though employers are hiring workers every day from the target groups designated by the WOTC Program. With hiring and pre-employment screening services, MAXIMUS ensures employers fully capture the WOTC credits for which they are eligible, ranging from one-time credits of up to $2,400 to two-year credits of up to $9,000 per qualified individual.
Use our WOTC Calculator to estimate the tax credits you could earn based on your annual hiring practices.
Making WOTC Work for You
Using a holistic approach, we customize our tax credit services to yield maximum tax credit dollars, while making minimal demands on employers and presenting them with significant savings on hiring costs. We accomplish this through a strong client focus, deep corporate resources, and an unwavering commitment to support employers' tax credit-related needs.
Our Tax Credit Practice Principles
- Our primary objective is client satisfaction.
- Our ultimate goal is tax credit maximization.
- We provide state-of-the-art technology and flexible management methods.
- We always protect client confidentiality.
- We offer pre-employment screening services.
Processing Hires in a Timely Manner
“In one year, MAXIMUS increased our tax credits over 100% compared to what we had been getting from another vendor. They process our 165,000 annual hires in a timely, professional manner.”
– Fortune 500 Customer