The Work Opportunity Tax Credit is a Federal income tax credit provided to private-sector businesses for hiring individuals from nine target groups who have consistently faced barriers to employment.

Benefits:

Federal income tax credit for hiring employees from nine target groups with credits in the following amounts:
• $2,400 generally for each new adult hire (who meets specific criteria)
• $1,200 for each summer youth hire
• $4,800 for each new disabled veteran hire
• $9,000 for each new long-term Temporary Assistance for Needy Families (TANF) recipient hired over a two-year period

Eligibility:

Qualified hires must fall into one of the nine target groups to be eligible for tax credits.

For more information, go here.