"We have been using CMS' tax credit
program for over five years now, and the results have been
excellent, saving us over $100,000 over all our corporations.
I would strongly recommend using Cost Management Services' Tax
Credit Program."
- Rich McCarthy, Great American
Work Opportunity Tax Credits In
The News
Sunday, August 1, 2010
WOTC Target Groups: Long-Term Family Assistance Recipient
Target Group Name Long-Term Family Assistance Recipient
Target Group Definition A member of a family who has received TANF for at least the last 18 consecutive months ending on the hire date; OR for any 18 months beginning after 8/5/97, and was hired within two years of the 18th month; OR stopped being eligible for TANF payments within the last 2 years because federal or state law limited the maximum time those payments could be made. (This was formerly known as Welfare-to-Work.)
Maximum Amount of Credit
1st year: 40% of Qualifying Wages for those new hires employed at least 400 hours; 25% of Qualifying Wages for those new hires employed between 120 and 399 hours.
2nd year: 50% of Qualifying Wages for those new hires employed at least 400 hours; 25% of Qualifying Wages for those new hires employed between 120 and 399 hours.
An individual who received Supplemental Security Income (SSI) benefits within 60 days prior to the hire date, including eligible Ticket-to-Work individuals receiving Social Security Disability Insurance (SSDI).
Maximum Amount of Credit
40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
Target Group Definition An individual who was convicted of or released after serving time for a felony within one year prior to the hire date.
Maximum Amount of Credit
40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
Target Group Name Vocational Rehabilitation Referral
Target Group Definition
An individual receiving or having received services pursuant to an Individual Plan of Employment through a state Office of Vocational Rehabilitation or the U.S. Dept. of Veterans Affairs within two years prior to the hire date, including eligible Ticket-to-Work individuals receiving Social Security Disability Insurance (SSDI).
Maximum Amount of Credit
40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
A 16-24 year old who (1) has not attended a secondary, technical, or post-secondary school for more than an average of 10 hours per week, not counting periods which the school was closed for scheduled vacations; AND (2) during the past six months, if employed, during each consecutive three-month period within the past six months, earned less than the applicable minimum wage for 30 hours work every week during the three-month period; AND does not have certificate of graduation from a secondary school or General Education Development (GED) certificate OR has a certificate that was awarded at least six months ago and has not held a job or been admitted to a technical or post-secondary school since receiving the certificate. Must be hired in 2009 or 2010.
Maximum Amount of Credit
40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
Target Group Definition A 16 or 17 year-old who is a resident of one of the federally designated Renewal Communities (RC), or Empowerment Zones (EZ) and is hired between May 1 and Sept. 15. There is one area in PA: parts of Philadelphia. For verification information on RC/EZ locations, visit the HUD Web site at: http://egis.hud.gov/egis/cpd/rcezec/ezec_open.htm.
Maximum Amount of Credit
40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
An 18-39 year-old who is a resident of one of the federally designated Renewal Communities (RC), Empowerment Zones (EZ), Enterprise Communities (EC) or Rural Renewal Counties (RRC). (There are three designated areas in PA: parts of Philadelphia and all of Venango and Warren Counties). For verification information on RC/EZ/EC locations, visit the HUD Web site at: http://egis.hud.gov/egis/cpd/rcezec/ezec_open.htm.
Maximum Amount of Credit
40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
An individual who was discharged or released from active duty in the Armed Forces at any time during the five-year period ending on the hire date; AND received unemployment compensation under State or Federal law for not less than four weeks during the one-year period ending on the hire date. Must be hired in 2009 or 2010.
Maximum Amount of Credit 40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
An individual who is entitled to compensation for a service-connected disability AND is hired within one year after having been discharged or released from activity duty, OR has been unemployed for six months or more (whether or not consecutive) within the one-year period ending on the hire date.
Maximum Amount of Credit 40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
An individual who served at least 180 days of active duty and is a member of a family who received SNAP for at least three consecutive months during the 15-month period ending on the hire date.
Maximum Amount of Credit
40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
Target Group Name SNAP (Supplemental Nutrition Assistance Program)
Target Group Definition An 18-39 year-old member of a family who received SNAP (formally known as SNAP) for at least six consecutive months ending on the hire date, OR for at least three of the five month period ending on the date of hire, but no longer receiving on the hire date.
Maximum Amount of Credit
40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
Target Group Definition A member of a family who received Temporary Assistance to Needy Families (TANF) for any nine out of the 18 month period ending on the hire date.
Maximum Amount of Credit 40% of first-year Qualifying Wages for those new hires employed at least 400 hours; 25% of first-year Qualifying Wages for those new hires employed between 120 and 399 hours.
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