SPONSORSHIP, VENDOR OR DONOR LEVELS
WACO AREA
SECOND CHANCE EMPLOYERS WANTED
Why it pays to be a Second Chance employer.
Did you know, the Work Opportunity Tax Credit (WOTC) is a general business credit provided under Section 51 of the Internal Revenue Code that is jointly administered by the IRS and the Department of Labor (DOL).
A Federal tax credit available to employers for hiring and employing individuals from certain targeted groups who have faced significant barriers to employment.
In general, the WOTC is equal to 40% of up to $6000 of wages paid to, or incurred on behalf of, an individual who is in their first year of employment; is certified as being a member of a targeted group; and, performs at least 400 hours of services for that employer. Thus, the maximum tax credit is generally $2,400. A 25% rate applies to wages for individuals who perform fewer than 400 hours but at least 120 hours of service for the employer. Up to $24,000 in wages may be taken into account in determining the WOTC for certain qualified Veterans.
SECOND CHANCE EMPLOYERS WANTED
Why it pays to be a Second Chance employer.
Did you know, the Work Opportunity Tax Credit (WOTC) is a general business credit provided under Section 51 of the Internal Revenue Code that is jointly administered by the IRS and the Department of Labor (DOL).
A Federal tax credit available to employers for hiring and employing individuals from certain targeted groups who have faced significant barriers to employment.
In general, the WOTC is equal to 40% of up to $6000 of wages paid to, or incurred on behalf of, an individual who is in their first year of employment; is certified as being a member of a targeted group; and, performs at least 400 hours of services for that employer. Thus, the maximum tax credit is generally $2,400. A 25% rate applies to wages for individuals who perform fewer than 400 hours but at least 120 hours of service for the employer. Up to $24,000 in wages may be taken into account in determining the WOTC for certain qualified Veterans.
WHO IS A QUALIFIED VETERAN
A qualified Veteran is a veteran who is any of the following: A member of a family receiving assistance under the Supplemental Nutrition Assistance Program (SNAP)(food stamps) for at least a 3-month period during the 15-month period ending on the hiring date; Unemployed for periods of time totaling at least 4 weeks (whether or not consecutive) but less than 6 months in the 1-year period ending on the hiring date; Entitled to compensation for service-connected disability and hired not more than 1 year after being discharged or released from active duty in the U.S. Armed Forces ; or Entitled to compensation for service-connected disability and unemployed for periods of time totaling at least 6 months (whether or not consecutive) in the 1-year period ending on the hiring date.
WHO IS A QUALIFIED EX-FELON
A qualified ex-felon is a person hired within a year of: being convicted of a felony; or being released from prison for the felony
WHO IS A QUALIFIED SUMMER YOUTH EMPLOYEE
A qualified summer youth employee is one who: Is at least 16 years old, but under 18 on the hiring date or on May 1, whichever is later; Only performs services for the employer between May 1 and September 15 (was not employed prior to May 1) ; and, Resides in an Empowerment Zone (EZ): San Antonio, Rio Grande Valley (parts of Cameron, Hidalgo, Starr, and Willacy Counties, TEXAS).
