ADOL Releases More than $85 Million in Tax Credits to Employers
MONTGOMERY – Alabama Department of Labor Commissioner Fitzgerald Washington announced today that nearly 33,000 Work Opportunity Tax Credit (WOTC) certifications, representing a potential $85,932,400 in tax credits, have been released in January by the Department to participating employers due to Congressional re-authorization of the WOTC program.
The WOTC program is a federally-funded program that provides incentives to businesses to hire individuals who have historically faced barriers to employment. Examples of WOTC eligible employees include: Temporary Assistance to Needy Families (TANF) recipients, Food Stamp recipients, youth, ex-felons, Supplemental Security Income recipients, Veterans, and those with disabilities, among others. Read More