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CMS Work Opportunity Tax Credits (WOTC) Newsletter September 2022

Posted on September 8, 2022September 7, 2022 by admin
CMS WOTC 25th Anniversary Logo

CMS Work Opportunity Tax Credit Newsletter September 2022

 

In this issue:

  • CMS Pin Point WOTC Technology (CPPT)
  • New WOTC Spanish Language Option Available Online
  • WOTC Wednesday: Is there any way to still qualify for WOTC if the employee was hired over 28 days ago?
  • Understanding WOTC’s Target Groups: Supplemental Security Income (SSI) Recipient
  • Work Opportunity Tax Credit Statistics for New Jersey
  • Make the Switch To Paperless WOTC Screening
  • #ICYMI

 

CMS Pin Point WOTC Technology (CPPT)
CMS Pin Point WOTC Technology Map

CMS’s Pin Point WOTC Technology (CPPT) performs a multi-step process to detect, identify and confirm new hires living in Federal Empowerment Zones and Rural Renewal Communities. CMS provides another technology tool designed to maximize the federal tax credit program for our clients.

 

New WOTC Spanish Language Option Available Online

New WOTC Spanish Language Option Available Online

There is a new Spanish language option available on the online Work Opportunity Tax Credit screening form. To switch to Spanish, applicants can simply click on the link at the top of the page “Haga clic aquí para traducir al espñol” (“Click here to translate to Spanish”). This will allow them to complete the screening completely in Spanish. As we all know, there is a higher success rate when applicants can easily understand the questions being asked.

 

WOTC Wednesday: Is there any way to still qualify for WOTC if the employee was hired over 28 days ago?

CMS’s Brian Kelly answers your questions about the Work Opportunity Tax Credit in our weekly video Q&A series #WOTCWednesday.

Other Recent #WOTCWednesday Questions Answered:

  • Is There a Limit to How Many WOTC Tax Credits I Can Claim?
  • Which State Issued the Most Amounts of WOTC Tax Credits?
  • Do I Submit the WOTC Forms Before or After the Employee Reaches 120 Hours?

Submit your question for Brian here.

 

Understanding WOTC’s Target Groups: Supplemental Security Income (SSI) Recipient

Work Opportunity Tax Credit WOTC Target Groups

New hires who fall under one or more of WOTC’s Target Groups may make you eligible for a WOTC Tax Credit. Target Group #9 is the Supplemental Security Income (SSI) Recipient. 58,584 individuals were hired with certification from this group in 2021, 2.81% of the total.
  • An individual is a “qualified SSI recipient” if a month for which this person received SSI benefits is within 60 days of the date this person is hired.
The maximum tax credit available for hiring a Supplemental Security Income (SSI) Recipient is $2,400 (40% of $6,000 in wages). California hired the most SSI Recipients last year with 5,356 new hires qualifying under that target group.

 

Work Opportunity Tax Credit Statistics for New Jersey

Work Opportunity Tax Credit Statistics - WOTC - New Jersey 2021

In 2021 the state of New Jersey issued 36,898 Work Opportunity Tax Credit certifications. The Garden State issued 1.77% of all WOTC Tax Credits in 2021, SNAP Recipient was New Jersey’s highest tax credit category with 57.08% of certifications for that target group.

 

Make the Switch to Paperless WOTC Screening

CMS-Work-Opportunity-Tax-Credit-Screening-Mobile
CMS has been providing Work Opportunity Tax Credit screening services for 25 years. We have helped save employers millions of dollars that can be reinvested back into their businesses. We highly encourage customers to take advantage of the online WOTC screening form that we developed or the call center, both of which provide several benefits to you.

 

#ICYMI

WOTC Dashboard

    • Your WOTC Dashboard
    • New Spanish Language Option Available Online
    • IRS Encourages Employers to Take Advantage of Work Opportunity Tax Credit
    • EEOC Issues Formal Opinion on the Work Opportunity Tax Credit
    • WOTC’s Target Groups
    • Calculate your WOTC Savings

 

 

#Follow CMS on Social Media

    

#WeKnowWOTC

 

The latest news on the Work Opportunity Tax Credit (WOTC) from Cost Management Services. Sign Up for the Work Opportunity Tax Credit (WOTC) Newsletter

Related: WOTC Newsletter Archive

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