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

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Latest Blog Posts

Make it Right

Posted July 26

Saturday, August 27, 2016 (8:30am 3:30pm) 11300 South Sam Houston Pkwy E., Houston, Texas 77089 Read more...

5th Community Restoration and Empowerment Retreat

Posted July 26

Saturday, September 24, 2016 (10am- 1pm) Standing in Faith Ministries 1024 Pinemont Drive, Houston, Texas 77018 Read more...

Back To School Resource Fair

Posted July 26

Saturday, August 20th, 2016 (3pm- 6pm) Waterfold Place Apartments 3125 Crestdale drive, Houston, Texas 77080 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.