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Understanding the Work Opportunity Tax Credit

In this workshop, Anika Pompey, IRS Senior Stakeholder Liaison, explored the Work Opportunity Tax Credit (WOTC), a federal tax credit designed to incentivize employers to hire individuals from targeted groups facing significant employment barriers. Participants gained a comprehensive understanding of WOTC, including its eligibility criteria, pre-screening and certification requirements, credit limitations, and the process of claiming the credit on tax returns. The workshop allowed small business employers to explore how WOTC can benefit their businesses while contributing to a more inclusive and equitable workforce. For the presentation and responses to the pending questions, visit https://www.vetbiz.va.gov/events/even... and select "View Details" for the event corresponding to the training name.