The Work Opportunity Tax Credit is a federal tax credit used to reduce the federal tax liability of private-for-profit employers. Employers can hire from nine different targeted groups that can provide a credit of between $2,400 to $9,600, per employee, depending on what target group the new hire represents.
A few simple suggested steps for employers to consider to implement the screening and submission of the paperwork required for this benefit is provided for employers below.
- Step 1:Include the IRS Form 8850 in your pre-hire application process.
- Step 2:Include the ETA Form 9061 or ETA Form 9062 in your new hire paperwork process.
- Step 3: Make sure to mail/fax/email all forms to the Oklahoma Employment Security Commission within the first 28 days of the employee’s start date.
Submit applications by mail:
Oklahoma Employment Security Commission
WOTC Unit
PO Box 52003
Oklahoma City, OK 73152-2003
-or-
Submit applications by email:
It’s that simple! No need to worry about gathering documents or verifying the information for eligibility! The Oklahoma Employment Security Commission (OESC) vets all information and provides notification of the eligibility for WOTC. If eligible, the certification document needed for your tax professional will be provided in the Oklahoma Employment Security Commission’s response.
See the link below for a short video for employers that highlights the benefits of applying for the Work Opportunity Tax Credit.
For more information about Tax Credits and Incentives, please e-mail Kristen Lee, Kristen.Lee@oesc.state.ok.us or call 405-557-7112.