We know that tax deadlines are looming and want to keep you current on the status of your WOTC Certificates so you can plan for your WOTC after-tax savings.

2012 was unprecedented for the Work Opportunity Tax Credit. Its (retroactive to January 1, 2012) renewal was stalled by Congress until January 1 of 2013. WOTC Solutions spent most of last year speaking with every member of the House and Senate to ensure that your voice was heard and to let them know the importance of the WOTC for your business.

What’s going on now?
Although applications were accepted in 2012 and the 28 day deadline enforced, each of the state WOTC Offices are significantly behind since they were unable to process and verify eligibility concurrent with the applications being filed with them. Until they get through their backlog of Certificate Applications we are forced to wait on them, a frustrating situation as we are sure you can understand.

Will I be able to claim my credit?
Please know that we are diligently working on your behalf to quickly obtain all pending Certificates by keeping daily pressure on these offices. Most of you will be able to claim your credit this year to lower your 2013 tax bill, but the deduction cannot be claimed until the Certificate is officially released by your state WOTC Coordinator’s office. Please remember that your Certificate is valid for 20 years from the date it is issued, so you will be able to use it in the future.

There are nine WOTC target groups to hire from in order to be eligible for your $2400 credit. Take a look at this breakdown that shows the categories that were most certified in 2011. Who are you hiring this year? You could be missing out on a significant tax savings!