Qualifying for Tax Credits

Your business can qualify for federal tax credits when you hire certain workers. You can find out more about the various tax credit initiatives at the following Web site:

http://www.uses.doleta.gov/tax.asp

The Work Opportunity Tax Credit (WOTC) provides employers with a maximum tax credit of $2,400 for hiring and retaining an eligible candidate for at least 400 hours.

Eligible candidates include:

• Qualified Veterans

• Qualified Recipients of Transitional Aid to Families with Dependent Children (TAFDC)

• Qualified Ex-Felons

• High Risk Youth

• Vocational Rehabilitation Referrals

• Qualified Food Stamp Recipients

• Qualified SSI Recipients

• Welfare to Work

If you need assistance in understanding the differences between the tax credit programs, Email Bruce Akashian or call him at (978) 805-4700 ext 4733.