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

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Latest Blog Posts

Resume Tips

12 Simple tweaks to transform your resume

Posted July 31

Feel like your resume hasn't been getting you the calls from employers that you want? Try these 12 simple tips to... Read more...

SER welding student

Labor shortage a problem along the Gulf Coast

Posted April 23

Our welding program is booming, but it's not enough to keep up with employer demand for welders. If you're... Read more...

start saving with small steps

How to save money when you're living paycheck to paycheck

Posted April 22

SER strives to help all our clients reach long-term financial stability, but we know it can be tough to get to that... 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.