Subscribe
Sign in
General
p/generalShare and discuss tech, products, business, startups, or product recommendations
Start new thread
Larry Potter

Is your US business using WOTC and the ERC?

1
•
Both ERC and WOTC credits will directly reduce the amount of federal income tax owed. However, only the ERC can result in a refund if the credits exceed the tax liability. The WOTC simply reduces tax liability to zero if greater than tax owed, but can be worth $9600 for each new W2 hire!! YourWotc.com

Add a comment

Replies
Best
Philip Bryant
our US business is leveraging both the Work Opportunity Tax Credit (WOTC) and the Employee Retention Credit (ERC) to optimize our tax strategy, and it's significantly supporting us in fostering a diverse workforce while financially navigating these challenging times!