The Work Opportunity Tax Credit Guide was designed to assist business owners understand this credit. It outlines how business may qualify for this credit. The Work Opportunity Credit was implemented to:
- Incentivize private-for-profit businesses to hire individual's from "targeted groups."
- Enable individulas in those "targeted groups" to become employed and move from economic dependency to self-sufficiency.
A business can save thousands of dollars in taxes by understanding this credit and how to effectively utilize this credit when recruiting and hiring new employees.