Tax Credits for Hiring
Seamless online experience for verification and submission of Work Opportunity Tax Credit. Earn up to $9,600 per qualified new hire.
Experience a seamless online platform for WOTC verification and submission and earn up to $9,600 per qualified hire
- Candidate Eligibility Survey – Share our secure, confidential online form with candidates.
- State Certification – We submit qualifying candidates to the state, and monitor certification status.
- CPA-Ready Submission – Enter wage data into our system and we'll pre-populate Form 5884 and related IRS paperwork.
- Claim the Credit – Upon successful certification, you files the WOTC claim. Credits range from $1,200 to $9,600 per hire
TaxCreditWiz is a software for your trusted tax advisor to manage your WOTC program. We provide support for your trusted tax advisor to ensure a smooth and profitable outcome for your business.
Our Process
- The average small business could be eligible for thousands of dollars in tax credits.
- For example, a business with 20 employees might hire 10 new individuals annually. If half of those hires qualify for the Work Opportunity Tax Credit (WOTC), the business could receive $10,000 or more in tax credits each year.
1
Online Candidate Screening & Verification
Who wants to track down IRS forms and navigate the lengthy and difficult-to-understand instructions? We’ve simplified and digitized the candidate screening process to maximize the number of completed applications.
2
State and
Federal Validation
TaxCreditWiz automatically sends qualified new-hire data to state portals for confirmation and identifies approved candidates for year-end refund credits with the IRS.
3
File and Receive
Your Refund
Your CPA firm inputs wage data into our system. We fully populate the requisite forms.
Your clients earn between $1,200 to $9,600 per qualified employee.
4
The average small business could be eligible for thousands of dollars in tax credits.
For example, a business with 20 employees might hire 10 new individuals annually. If half of those hires qualify for the Work Opportunity Tax Credit (WOTC), the business could receive $10,000 or more in tax credits each year.
- Seamless digital experience
- Automated workflows
- Integrated with state portals
- Analytics and insights
How
We Help?
Big companies have taken advantage of WOTC for years because they could afford the complicated setup. But it’s actually small and mid-sized businesses doing most of the hiring that qualifies. TaxCreditWiz levels the playing field with smart automation that saves you time and puts money back in your pocket.
FAQs
When you bring on a new employee, they’ll fill out a quick online form. If they check any boxes that match a WOTC eligible group, and you decide to hire them, we’ll submit their info to the state to confirm eligibility. Once approved, either you or your tax advisor can use that certification to claim the credit on the wages you paid.
How much is the credit worth?
If you hire four qualifying employees at $2,400 each, that’s $9,600 off your federal tax bill. If one of those hires qualifies for the higher veteran credit, you save even more.
Bottom line: Every qualifying hire puts real money back in your business—with no complex paperwork or hoops to jump through.
- Most employers receive around $2,400 per qualified hire. That’s based on a 40% credit on the first $6,000 in wages—so 0.40 × $6,000 = $2,400.
- If the employee works fewer than 400 hours, the credit drops to 25%, or up to $1,500.
- Some hires—like certain veterans—can qualify for up to $9,600 in credits if they meet specific criteria and wage thresholds.
If you hire four qualifying employees at $2,400 each, that’s $9,600 off your federal tax bill. If one of those hires qualifies for the higher veteran credit, you save even more.
Bottom line: Every qualifying hire puts real money back in your business—with no complex paperwork or hoops to jump through.
It is a dollar-for-dollar reduction in your tax liability. Let’s say your business has a $100,000 Federal income tax liability at the end of the year. But you hired four WOTC qualfiied candidates resulting in a $2,400 per employee WOTC credit. Your new tax liablity would be reduced by $9,600 (2,400 x 4).
We charge a small fee to submit your qualified candidates to the state. Most fees should be tax deductible, which you will want to verify with your trusted tax advisor.
WOTC used to be a hassle—lots of paperwork, tight deadlines, and expensive third-party services. It just wasn’t worth it for most small and mid-sized businesses. We’ve changed that. Our platform automates the entire process, making it fast, affordable, and easy for companies of any size to take advantage.
No—they just need to answer a short yes/no questionnaire. We handle the rest.
Nope. As long as the hires qualify, there’s no cap on how many credits your business can earn.
WOTC is a non-refundable credit, meaning it only offsets taxes owed. However, unused credits may be carried forward for up to 20 years.
Yes—WOTC works for businesses of all sizes, including sole proprietors and pass-through entities (though you must have employees on payroll)