Federal Tax Credits

Welfare-to-Work Tax Credit

The Welfare-to-Work Tax Credit is a federal income tax credit that encourages employers to hire "Long-term TANF Assistance Recipients" who begin to work on or after December 31, 2003, and before January 1, 2006. Established by the Taxpayer Relief Act of 1997, this new tax credit can reduce employers' federal tax liability by as much as $8,500 per new hire.

The Work Opportunity Tax Credit

The Work Opportunity Tax Credit is a federal tax credit that encourages employers to hire eight targeted groups of job seekers by reducing employers’ federal income tax liability by as much as $2,400 per qualified new worker; $750, if working 120 hours or $1,200, if working 400 hours or more, per qualified summer youth.

Disabled Access Credit

 

Barrier Removal