Financing / SBA
🏛 IRS
Work Opportunity Tax Credit (WOTC)
The WOTC is a federal tax credit of up to $9,600 per qualifying new hire from targeted groups including veterans, SNAP recipients, and long-term unemployed. Apply using Form 8850 pre-screening notice within 28 days of hire. Credits reduce federal income tax liability.
Source Agency
DOL — Employment and Training Administration
DOL — Employment and Training Administration
Last Verified
March 1, 2026
March 1, 2026
Next Review
May 30, 2026
May 30, 2026