SER-Jobs for Progress—Improving Lives...One Job at a Time.

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Latest Blog Posts

Ask the Experts workshop

Ask the Experts

Posted December 10

SER's small business program will be presenting a panel of experts on Saturday, December 14th from 10 am - 12 pm at... Read more...

Business Plans 101

Small Business Plans 101

Posted November 19

Have you started your own business but are missing a structured business plan?  Are you looking for business... Read more...

volunteers more likely to find jobs than non-volunteers

Looking for work? Start volunteering!

Posted June 24

A new study shows that unemployed individuals who volunteer are 27% more likely to find work than those who don't.... Read more...

Tax Credits

WORK OPPORTUNITY TAX CREDIT
 
The Work Opportunity Tax Credit (WOTC) is a federal income tax
Credit that encourages you to hire eight targeted groups of job seekers.
The WOTC can reduce your federal tax liability by as much as
$2,400 per new hire. This employer tax incentive joins other employment
Programs and tax credit initiatives aimed at helping American
Workers and increasing American productivity and economic growth.
 
The new hire must belong to one of eight WOTC target groups:

  • Welfare recipients
  • 18-24 year-old food stamp recipients
  • Veterans
  • Vocational rehabilitation referrals
  • 16-17 year-old residents of Empowerment Zones or Enterprise
  • Communities hired as “Summer Youth Employees”
  • 18-24 year-old residents of Empowerment Zones or Enterprise
  • Communities
  • Ex-felons or work-release inmates from low-income families
  • Recipients of Supplemental Security Income benefits
  • The WOTC for new hires employed 400 or more hours is 40% of
  • qualified wages for the first year of employment; the credit for new
  • Hires employed 120 to 400 hours are 25%. Qualified wages are capped
  • at $6,000 for all WOTC target groups except Summer Youth, whose
  • Wages are capped at $3,000.