Before You Begin - Please Read It This Completely
Warnings and Cautions
The Work Opportunity Tax Credit (WOTC) program is a U.S. federal tax credit for employers who hire individuals from certain groups that have faced significant barriers to employment.
Enter your total number of employees and your annual turnover percentage to get an estimate of how much your company could reduce its taxable income by filing through the
WOTC program. Figures represent estimates based on historical data and do not represent credits earned.
- The WOTC Credit calculator is meant for high level estimates only
- The WOTC Calculator assumes qualified employees are being hired.
- The R&D Calculator should not be used as a replacement for actual analysis and documentation by an WOTC tax credit expert practitioner.
- The WOTC Calculator does not take into account potential limitations due to fixed base percentages, controlled groups, funded research or non-qualified research.
- The WOTC Calculator does not determine if available tax credits are limited by Alternative Minimum Tax.
- State work opportunity tax credits may increase available credits and are not included in this analysis.
- Legacy Tax & Resolution Services. LLC does not warrant or approve any use of information or results from the use of this calculator due to the high-level analysis calculated.
- This WOTC Credit Calculator has not been warranted or approved by the Internal Revenue Service.