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Work Opportunity Tax Credit Print E-mail

 

The Work Opportunity Tax Credit provides employers in the Renewal Community (RC) -- or outside the RC boundaries -- with an incentive to hire individuals from groups that have particularly high unemployment rates or other special employment needs. The credit can be worth up to $2,400 against federal taxes for each new eligible employee hired and up to $1,200 for each new summer youth hire. For  Long-Term Family Assistance recipients, employers can save up to $9,000 per new hire, over a two-year time period (40% of the first $10,000 in wages for the first year and 50% for the second year).


Who’s Eligible

  • Employers located inside or outside the Atlanta Renewal Community boundary may qualify for this credit.


Potential Employees:

  • High-risk residents ages 18 thru 24

  • Veterans who are members of a family that is receiving or recently received Food Stamps

  • Ex-felons who have been convicted of a felony and have a hiring date which is not more than one year after the last date on which he was convicted or released from prison

  • Vocational rehabilitation referrals who completed or are completing rehabilitative services from a State agency, an employment network or the U.S. Department of Veterans Affairs

  • Summer youth employees (ages 16 and 17) who live in the RC and are hired between May 1 and September 15 as Summer Youth Employees

  • Food Stamp recipients (ages 18-39)

  • A family member that is receiving or recently received Temporary Assistance for Needy Families (TANF) benefits for any 9-month period during the 18-month period ending on the hiring date 

  • Supplemental Security Income (SSI) recipients



The Georgia Department of Labor must certify that an employee is a member of  one of the eligible groups.

 

Download Forms

Form 5844 Work Opportunity Credit

Form 3800 General  Business Credit


The Atlanta Renewal Community (RC) includes more than 100 neighborhoods. Visit www.hud .gov/crlocator determine if your future employee or business is located in the Renewal Community.

 

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