work opportunity tax credit

What are the Benefits of the WOTC for Businesses?

The WOTC offers several benefits for businesses:
Tax Savings: The primary benefit is the reduction in the employer’s federal tax liability, which can significantly impact the bottom line.
Diversified Workforce: Hiring from a variety of backgrounds can lead to a more inclusive and diverse workplace, which has been shown to improve innovation and problem-solving.
Corporate Social Responsibility (CSR): By hiring individuals who face barriers to employment, businesses can enhance their reputation and contribute positively to society.

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