Tag: hire felons

Tax Code, Regulations and Guidance

How To Claim the Tax Credit for Hiring Felons in 2023

March 31, 2023

Via: Fit Small Business

Employers who hire felons can save money on their federal income taxes through a general business credit called the Work Opportunity Tax Credit (WOTC). The nonrefundable tax credit is worth up to 40% of the first $6,000 paid in wages. […]