Quote:
The Small Business and Work Opportunity Act of 2007 reauthorized the Work
Opportunity Tax Credit (WOTC) and the Welfare-to-Work Tax Credit (WtW) for
employers who hire long-term welfare recipients. Long-term recipients can earn their
employer a tax credit of up to $4,000 for their first - and $5,000 for their second -
year of employment. Welfare recipients and members of other target groups can earn
employers a WOTC credit of up to $2400 in the first year. The number of new hires
who can qualify employers for these credits is unlimited.
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quoted from the va employment commission