2017 Fiscal Year Sees 30 Percent Incrase in Workforce Tax Credits in Kentucky

The Kentucky Career Center issued 53,398 Workforce Opportunity Tax Credits to Kentucky employers during the 2017 fiscal year, a 30 percent increase from the 41,098 issued in fiscal year 2016. The Workforce Opportunity Tax Credits program potentially saved Kentucky employers more than $205 million in federal taxes. WOTC benefits employers who hire people classified in select target areas, such as veterans, public assistance recipients, ex-felons, eligible summer youth employees, and vocational rehabilitation referrals, who face significant barriers to employment when entering or re-entering the workforce. Michelle DeJohn, Employer Customer Services branch manager, said the program was partly successful due to a new automated application process.

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