The Work Opportunity Tax Credit or WOTC, is a federal income tax credit for hiring certain target groups of workers.  Individuals who are currently receiving rehabilitation services from the Division of Vocational Rehabilitation, or completed services within 2 years of the hire date qualify. The tax credit 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 from 120-399 hours is 25%.  Qualified wages are capped at $6,000.  For new hires that work at least 400 hours, the tax credit would come to $2,400!

For more information on the WOTC, please visit www.colorado.gov/cdle/taxcredits

Or call 303-318-8828 or email: wotc@state.co.us

Employers