Employer New Hire Tax Credits
I. Federal Employment Tax Credits
- A. Work Opportunity Tax Credit (WOTC)
- Two types of WOTC: one geography based and one for targeted demographic groups
- Up to $ 2,400.00 per eligible employee
- B. Welfare to Work Tax Credit (WTW)
- Targeted demographic groups
- Up to $ 8,500.00 per eligible employee
- C. Empowerment Zone Employment Credit (EZEC)
- Geography based
- Up to $ 3,000.00 per eligible employee
- D. Renewal Community Employment Credit
- Geography based
- Up to $ 1,500.00 per eligible employee
- E. Indian Employment Credit
- Both geography based and targeted demographic groups
- $ 2,000.00 + per eligible employee
II. State Credits and Incentives
- A. Hundreds of incentives nationwide including:
- WOTC piggy back credits
- State enterprise zones
- Jobs and training incentives
- Capital investment credits
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