Work Opportunity Tax Credit (WOTC) – is a federal law that permits for-profit employers to take a credit on their federal income tax when workers from certain target groups are hired. Workers in these target groups have faced significant barriers to employment. The main objective of this program is to enable the targeted employees to gradually move from economic dependency into self-sufficiency as they earn a steady income and become contributing taxpayers, while the participating employers are compensated by being able to reduce their federal income tax liability.
- SNAP:
- 340:50-5-64.1. Work Opportunity Tax Credit (WOTC).
- TANF:
- 340:10-2-4. Employment.
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