There are employer tax credits available, which are designed to assist employers with hiring individuals who meet specific criteria, such as social security recipients, ex-offenders, veterans, persons with disabilities and youth. Unfortunately, many are unaware of these benefits and fail to take advantage of the same when hiring talent.
Employers should look into the Work Opportunity Tax Credit (WOTC) to discover how this program can benefit their organization. WOTC provides an opportunity for employers to save on taxes paid based on their hiring of individuals in specified categories. Information on the WOTC can be accessed by visiting the US Department of Labor webpage at dol.gov/agencies/eta/wotc.