Tax Credits and Incentives

Resources to Save You Money

• Work Opportunity Tax Credit (WOTC)
  Available to employers who hire individuals from certain targeted groups by offering them a federal income tax credit. The WOTC can reduce an employer’s federal tax liability by up to $9,000 per new hire. (Tri-fold Informational Brochure)
• Empowerment Zone/Renewal Community Tax Incentives
  An incentive to retain or hire individuals who both live and work in an Empowerment Zone or a Renewal Community. Receive annual tax credits up to $3,000 per qualified employee in an Empowerment Zone and up to $1,500 in a Renewal Community.
• Disabled Access Credit
  Helps small businesses cover the cost of making their businesses accessible to persons with disabilities. The maximum amount of the credit is $5,000.
• Architectural and Transportation Tax Deduction
  Businesses may take an annual deduction of up to $15,000 for expenses incurred to remove architectural and transportation barriers to persons with disabilities and the elderly.