The Welfare-to-Work Tax Credit (WtW) is a federal income tax credit that encourages employers to hire long term welfare recipients. Established by the August 5th Taxpayer Relief Act of 1997, section 801, this new tax credit can reduce employer federal tax liability by as much as $8,500 per new hire over a two year period.
Employee must work a minimum of 400 hours
CFO Resources calculates the amount of credit on every WtW certified individual through its proprietary software on a monthly/quarterly and annual basis.
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