Private Sector and For-Profit Business Tax Credits
If you are a private sector or for-profit business, you may be eligible to earn tax credits! The Workforce Opportunity Tax Credit (WOTC) program can reduce your cost of doing business while helping job seekers find and retain good jobs. WOTC is a Federal tax credit available to employers for hiring individuals from specific target groups who face barriers to employment.
- Businesses can earn up to $9,600 in business tax credits per eligible worker through the WOTC program.
- There is no limit to the number of qualifying new hires or total amount of credits distributed per year.
WOTC cannot be claimed on previous employees, relatives, domestic employees, or on wages federally subsidized by on-the-job training programs. Each job seeker must be screened for target group membership on or before the day that you offer the job.
Online Application Portal
The Missouri Work Opportunity Tax Credit (WOTC) Program offers an online application system for a more efficient means of submitting applications for certification. The application entry process includes entering employee and employer information from the completed and signed IRS Form 8850 and ETA Form 9061. You can submit your application online or print, complete, and mail the forms linked below.
For details about WOTC, please contact:
Department of Higher Education and Workforce Development
Office of Workforce Development
PO Box 1087
Jefferson City, MO 65102
Submit your application online. Refer to the Related Resources section of this page to learn more about Work Opportunity Tax Credits.