By Woods & Durham, Jul 1 2017 04:00PM
Is your business located in a designated community? Do you have employees that live in a designated community? You may qualify for a Work Opportunity Tax Credit (WOTC) if you answered yes to either of these questions. The credit for Designated Community Residents is a maximum of $2,400 per qualifying employee.
1. Employee is a new hire, not a rehire
2. Employee is 18 to 39 years old
3. Resides in one of the counties below.
4. Not a relative of the business owner
Eligible counties include:
Atchison, Barber, Barton, Brown, Clay, Cloud, Comanche, Decatur, Edwards, Elk, Ellsworth, Gove, Graham, Greeley, Greenwood, Harper, Hodgeman, Jewell, Kiowa, Labette, Lane, Lincoln, Marshall, Mitchell, Montgomery, Ness, Osborne, Phillips, Rawlins, Republic, Rooks, Rush, Russell, Scott, Sheridan, Sherman, Smith, Stafford, Trego, Wallace, Washington, Wichita, and Woodson.
Antelope, Banner, Boone, Box, Butte, Boyd, Burt, Cedar, Chase, Deuel, Dundy, Fillmore, Franklin, Garden, Garfield, Greeley, Hayes, Hitchcock, Holt, Jefferson, Johnson, Logan, Nance, Nemaha, Nuckolls, Pawnee, Perkins, Red Willow, Richardson, Rock, Sheridan, Sherman, Thayer, Thomas, Valley, Webster, and Wheeler.
Proper documentation must be submitted for approval no later than 28 days after hiring a qualifying employee.
Other classes of employees that may qualify for the WOTC are Veterans, TANF (Temporary Assistance for Needy Families) Recipients, SNAP (Food Stamp) Recipients, Designated Community Residents (employees 18-39 years old living in a designated rural renewal county), Vocational Rehabilitation Referrals, Ex-Felons, and SSI (Supplemental Security Income) Recipients.
If you county information for another state or have any questions about the WOTC please contact us.
More info can be found at, https://www.doleta.gov/business/incentives/opptax/