You are probably wondering what some average annual tax credits may be for a typical company. All organizations are unique. The credit you receive will be based on the hires your organization actually makes. Organizations that hire more eligible employees will obviously receive more tax credits.
The two sections below show a realistic benefit at the company level AND at the individual employee level.
Company Level Examples
- 50 employee Manufacturing company with 25% annual turnover should realize $2,250 in annual WOTC credits
- 50 employee Healthcare company with 50% annual turnover should realize $5,775 in annual WOTC credits
- 50 employee Restaurant with 75% annual turnover should realize $8,438 in annual WOTC credits.
Employers can hire eligible employees from the following target groups for WOTC.