Work Opportunity Tax Credit
Work Opportunity Tax Credit (WOTC) is a federal tax credit available to employers large and small. If your motor carrier pays federal taxes, you are eligible to leverage the WOTC program.
Enacted by Congress in 1996, the WOTC was created to encourage employers to hire individuals who typically have a difficult time finding a job.
Virtually any employers in industries such as trucking, manufacturing, warehousing, and distribution which rely on an hourly-wage and entry-level employee pools are well suited to capture significant tax credits using the WOTC.