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Alabama Form 8850: What You Should Know

You have the following tax credits available to you for your business: Hiring in Alabama The Alabama Work Opportunity Tax Credit is available for qualified hiring and training activities that do not exceed 60 times the employee's state minimum wage per month. It applies to individuals, partnerships, corporations, associations (which may have tax-exempt status), and sole proprietorship and limited liability companies (which are taxed as a partnership). Benefits of the Work Opportunity Credit A qualifying hire in Alabama is one that meets certain state employment standards. Qualifying hires must be hired by, and paid to, the taxpayer (whether the taxpayer is the principal or co-owner) in Alabama. An individual seeking hire for an eligible job under the tax credit must be a qualified individual. The employee must be a qualified individual under the requirements for employment in Alabama under the tax credit, except the employer may hire an unemployed individual if they are an Alabama resident. This state work opportunity program does not provide an employee tax credit to those workers who earn wages paid to an employer in another state. Qualifying work opportunities vary between companies, which may result in different amounts of work available under the tax credit. There are limits to what the employer may pay for a qualifying hire, based on the number of hours and the type of job. This may include any pay received by the employee, such as commission or bonus. A qualifying hire is a job for which the amount of qualified hiring and training work that is performed by the eligible employees in Alabama equals or exceeds 60 times the state minimum wage per month, but by the number of hours of qualified hiring and training activity performed during each pay period or period of 24 workweeks. Qualified hiring and training activities include work performed in the hiring's area of responsibility or in customer service; training work; and work to maintain the company's business. Qualifying hires may be paid by hourly, semi-hourly, annual, multi-year, or annual contracts, or by all kinds of work assignments that meet the requirements of the Act. Qualifying hires may be paid on an hourly, annual, or multi-year basis and are not limited to those jobs performed by an employee or any of its affiliates. The number of qualifying hours per year is unlimited. No more than 120 hours of qualifying wages may be paid in a calendar year, and no more than 1,500 in compensation may be received in a calendar year.

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