Work Opportunity Tax Credit
The Work Opportunity Tax Credit (WOTC) is a federal tax credit available to businesses for hiring individuals from specific target groups who have faced consistent barriers to employment. The Business Solutions Team (BST) at the PA CareerLink® can help connect you to the target groups that qualify for WOTC, pre-screen all applicants for WOTC eligibility, and assist with the filing process to claim WOTC and reduce your federal tax liability.
Connect with the Business Solutions Team today to find out how you can save money and time by partnering with the BST to file for WOTC when you employ individuals in the target groups.
WOTC Target Groups:
- Qualified Veterans
- Qualified Ex-Felons
- Designated Community Residents
- Vocational Rehabilitation Referrals
- Summer Youth Employees
- TANF Recipients
- SNAP Recipients
- SSI Recipients
- Qualified Long-Term Unemployed
Fidelity Bonding Program
A roadblock for some employers looking to diversify their workforce is the perceived risk associated with hiring individuals who have experienced significant barriers to employment including:
- Justice Involved Individuals
- Individuals in Recovery from a Substance Use Disorder
- Economically Disadvantaged Youth and Adults who Lack Work History
- Recipients of Public Benefits
- Individuals with Poor Credit
- Individuals Dishonorably Discharged from the Military
The Fidelity Bonding Program (FBP) encourages employers to hire individuals who may be considered risky, and gives applicants confidence to approach opportunities to prove themselves as trustworthy. There are no strict eligibility requirements for FBP, so jobseekers and employers are encouraged to reach out to staff at the PA CareerLink® to determine if a position is eligible to be bonded under FBP.
The bond issued through FBP is an insurance policy that insures a business for losses up to $5,000 (with no deductible) caused by dishonest acts of its employees. Bonds are issued for six months funded by the Commonwealth that can be extended through a private insurer after the initial six-month period. Job seekers who are considered NOT BONDABLE by private insurance companies can become BONDABLE by demonstrating job honesty during the six months of bond coverage under the FBP.
To apply, reach out to the PA CareerLink® Business Solutions Team at BusinessSolutions@CentralPACL.org. They’ll get you connected with the State Bonding Coordinator to complete a short online request form. If approved, the bond is effective immediately. It’s that simple!