Work Opportunity Tax Credit for hiring veterans
For-profit employers in Massachusetts may be eligible for a federal tax credit through the Work Opportunity Tax Credit (WOTC) program if they hire a qualifying unemployed veteran. An unemployed veteran is a person discharged or released from the military during the five years preceding the hiring date who received unemployment benefits for a least four weeks during the one-year period ending on the hiring date. Individuals must be identified as members of one of these targeted groups before a job offer is made.
The WOTC program has two purposes: to help individuals who qualify as members of a target group to get a job; and to help employers who hire qualified individuals by giving them a credit on their federal taxes. The person hired must be employed for at least 120 hours.
For more information on this federal program, ask a DVOP/LVER at a Career Center or call 877-US2-JOBS for the Career Center locations near you.
Work Opportunity Tax Credit Program
Department of Career Services
19 Staniford Street
Boston, MA 02114