There are many tax credits that business owners can take advantage of, and today we’re talking about the Disabled Access Credit. This is a credit specifically extended to business owners who employ people who have disabilities. What is the Disabled Access Credit? This is a nonrefundable tax credit put forth with small businesses in mind. […]
Tag: Form 8850
Can You Take Advantage of the WOTC?
As explained by the IRS, the work opportunity tax credit (WOTC) is equal to 40% of up to $6,000 wages paid or incurred, with a maximum credit of $2,400, for an employee who: The agency emphasizes that this is a one-time credit for each new hire, and an employer cannot claim the credit for employees […]