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The federal government has a tax credit program called the Work Opportunity Tax Credit (WOTC). This program offers financial incentives to businesses that hire people from certain underrepresented groups.
Recently, the WOTC program underwent changes that employers need to be aware of in order to take advantage of the tax credits available. This article provides an overview of the recent changes to the WOTC program and explains how they may affect employers.
Additionally, we provide recommendations for employers on how to maximize their WOTC benefits. It is important for employers to stay up-to-date on WOTC changes in order to take advantage of tax credit opportunities. This will also ensure that employers are in compliance with new certification requirements.
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