The Work Opportunity Tax Credit is a tax credit available to employers who hire employees from certain targeted groups.
Question: does Iowa recognize the Work Opportunity Credit? Answer: no, but they do allow a deduction equal to the amount of credit claimed. Analysis and Background The Work Opportunity Tax Credit (WOTC) is a federal tax credit designed to reward employers for hiring people from certain targeted demographics. I went into more detail about the […]
An example of how to calculate the Work Opportunity Credit.