Hiring tax incentives
The Work Opportunity Tax Credit (WOTC) allows for-profit employers of any size to reduce their federal tax liability by up to $9,600 per new hire by hiring people who have consistently faced significant barriers to employment. 501(c)(3) nonprofit organizations who hire veterans are also eligible for WOTC. The WOTC applies only for new employees who have never previously worked for the employer.
Fidelity bonds offer reassurance to employers who hire workers who may be viewed as risky. Fidelity bonds are no-cost employee insurance that protects employers against employee theft of money or property. The Minnesota Federal Bonding Service provides individual Fidelity Bonds to employers for new or current employees who may be denied coverage by commercial carriers.
CareerForce can help you with:
- Determining eligibility
- Application instructions
Assistance with WOTC and bonding is available at no fee to all businesses.
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Help hiring foreign workers
Organizations that wish to hire foreign workers because US workers cannot be found to fill necessary positions may apply for a labor certification from the U.S. Department of Labor (DOL).
CareerForce services include guidance for hiring:
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