Financial Incentives for Hiring People with Disabilities
The primary reason businesses should hire people with disabilities is because the individual is a good match for a specific business need. However, by hiring people with disabilities, there are a number of financial incentives that businesses may qualify for. In the process of assisting people with disabilities to obtain employment, One-Stop staff may wish to make employers aware of these financial incentives. It may be helpful for One-Stop staff to obtain copies of the publications and materials on these financial incentives, to distribute to employers.
ADA Small Business Tax Credit
Businesses with 30 or fewer employees or $1,000,000 or less per year in total revenue can receive a tax credit for the cost of accommodations provided to an employee (or customer) with a disability. This credit covers 50% of eligible expenditures up to $10,000 (maximum credit per year of $5000). For additional information, contact the Internal Revenue Service.
Web site: www.irs.ustreas.gov
WOTC & WtW Tax Credits
Work Opportunity Tax Credit
Welfare-to-Work Tax Credit
Additional information on these tax credits can be obtained from the U.S. Department of Labor: http://www.doleta.gov/programs/wotcdata.cfm. WOTC state and regional contacts can be found at:http://wdr.doleta.gov/contacts
WOTC and WtW tax credit request forms and state contact information can also be obtained by calling 877-828-2050 (a toll-free number). This Fax-On-Demand service allows access to WOTC/WtW request forms via Fax by using a touch-tone telephone or a fax machine. Up to two documents may be requested per call. Once you call this service, simply follow the instructions and enter the document number (listed below) that corresponds to the form or information needed.
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