When 8850 Form Reduced 2016-2023

Instructions and Help about When 8850 Form Reduced

What is watse it stands for the Work Opportunity Tax Credit watse is money back for employers who hire good people who face a challenge getting a job you may be able to get a watse tax credit if you hire an unemployed veteran or someone who has received food stamps or has received vocational rehabilitation or who faces other kinds of challenges getting a job you can get a tax credit of between twelve hundred and ninety six hundred dollars for each wattsy eligible hire getting the watse tax credit means doing some paperwork but it's really not that complicated you apply for watse by sending two forms to the Department of Labor in your state government it's usually called the State Workforce agency if the State Workforce agency certifies your watse application then you can file with the IRS to claim the tax credit and that's it you have your watsi it's an opportunity for a deserving job candidate and a tax credit for you if you think you might want to apply for a work opportunity tax credit or watse the next few minutes we'll show you how to do it there are five steps and we'll explain them one at a time as we go we'll give you tips like this but first you need to know what types of workers are eligible for watse these include veterans summer youth employees ex-felons members of a family that has received temporary assistance or food stamp benefits certain people with disabilities who receive SSI benefits or who are getting vocational rehabilitation and people who live in certain low-income communities you can find out all the details on eligibility requirements at DOL ETA gov slash WotC there are some people who don't qualify relatives and dependents of the employer...