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

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Latest Blog Posts

Start 2018 with a new career! SER is Now Enrolling!

Posted December 21

Participate in a hands-on training and get help finding employment.  Complete the on-line application ... Read more...

Nory Angel, SER CEO, to leave organization in 2018

Posted December 11

On behalf of the Board of Directors and staff at SER-Jobs for Progress, Inc., we would like to share with you that Nory... Read more...

Capital campaign officially kicks off!

Posted September 21

SER publicly announced its Pathways to Potential capital campaign with a news conference held at the site of its new... 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.