Federal Work Opportunity Tax Credit (WOTC)
When enacted, the WOTC provides businesses with a tax credit of up to $2,400 of the first $6,000 in wages paid to certified workers.
PLEASE BE ADVISED THAT ALL COMPLETED FORMS MUST BE RECEIVED BY THE NYSDOL WITHIN 28 DAYS OF HIRE.
NYS Workers with Disabilities Employment Tax Credit (WETC)
Businesses can claim a NYS tax credit of up to $2,100 of the first $6,000 in wages per eligible individual during the second year of employment.
NYS Workers with Disabilities Tax Credit
The Workers with Disabilities Tax Credit program provides a NYS tax credit to certified for-profit businesses that hire individuals with developmental disabilities. For eligible individuals hired full-time (30 hours or more per week), the tax credit is based on 15% of that individual’s annual wage, not to exceed $5,000. For eligible individuals hired part-time (8 to 29 hours per week), the tax credit is based on 10% of that individual’s annual wage, not to exceed $2,500. The tax credit program is set to expire on January 1, 2020. Complete details regarding this tax credit can be found at https://labor.ny.gov/businessservices/developmental-disability-tax-credit.shtm
Disabled Access Tax Credit
Businesses with fewer than 30 employees and no more than $1 million in gross receipts in the preceding year can receive a tax credit of up to 50% of “eligible access expenditures”—eligible expenses include the removal of barriers —architectural, communication, or transportation—including modification of equipment and the use of interpreters, taped text, or alternative format for communication.
Barrier Removal Tax Deduction
Businesses of any size can take an annual deduction of up to $15,000 for expenses related to removing physical, structural, and transportation barriers for people with disabilities
The ACCES-VR Business Relations Team in your area will facilitate the completion of all tax credit request forms.