Youth works tax credit program

While we do our best to keep our list of New York Income Tax Forms up to date and complete, we cannot be held liable for errors or omissions. Is the form on this page out-of-date or not working?

Please let us know and we will fix it ASAP. Help us keep TaxFormFinder up-to-date! Is one of our forms outdated or broken? Let us know in a single click, and we'll fix it as soon as possible. Toggle navigation TaxForm Finder.

Form Name or Code. Tax Form Code. Qualified tax-exempt organizations described in IRC Section c and exempt from taxation under IRC Section a , may claim the credit for qualified veterans who began work for the organization after and before File Form C after filing the related employment tax return for the period that the credit is claimed. The IRS recommends that qualified tax-exempt employers do not reduce their required deposits in anticipation of any credit.

More In File. Frequently Asked Questions Q What is the Work Opportunity Tax Credit? Are both taxable and tax-exempt employers of any size eligible to claim the WOTC? For which employees may an employer claim the WOTC? An employer may claim the WOTC for an individual who is certified as a member of any of the following targeted groups under section 51 of the Code: the formerly incarcerated or those previously convicted of a felony; recipients of state assistance under part A of title IV of the Social Security Act SSA ; veterans; residents in areas designated as empowerment zones or rural renewal counties; individuals referred to an employer following completion of a rehabilitation plan or program; individuals whose families are recipients of supplemental nutrition assistance under the Food and Nutrition Act of ; recipients of supplemental security income benefits under title XVI of the SSA; individuals whose families are recipients of state assistance under part A of title IV of the SSA; and individuals experiencing long-term unemployment.

What does an employer need to do to claim the WOTC? If an employer is eligible for other wage-based credits, can it also claim the WOTC? Qualified IV-A Recipient. Upload Program Application s and Documents The FTP is a file system that allows you to send large documents that are too big to go through email.

Sending documents through FTP can also help you save space in your inbox! To upload a file, please click the following link and enter the username and password provided below:. Need help? Click here. A notification email confirming receipt will be sent to the email address listed in the application within 3 business days.

Program documents can be accepted as either digital or original documents. If you choose to mail an original document, please refrain from uploading a duplicate. Employers must apply for and receive a certification verifying the new hire is a member of a targeted group before they can claim the tax credit.

After the required certification is secured, taxable employers claim the WOTC as a general business credit against their income taxes, and tax-exempt employers claim the WOTC against their payroll taxes. Interested in taking advantage of the WOTC for your new hires? Follow these three steps.