The WtW tax credit provides private-for-profit employers tax savings as an incentive to hire job seekers with barriers to employment. WtW targets long-term welfare cash recipients.
Deadline / Regulations:
The WtW tax credit is as much as $8,500 per new hire: 35% of the first $10,000 in wages the first year, and 50% of the first $10,000 the second year. New hires must be employed at least 180 days or 400 hours to earn the full credit each year. There is no partial credit.