Workers with Disabilities Tax Credit Program (WDTC)
The Workers with Disabilities Tax Credit (WDTC) program provides tax credits to for-profit businesses/organizations that hire individuals with developmental disabilities (not to be confused with WETC below). The maximum tax credit is:
- $5,000 for full-time employment (30 hours or more per week), based on 15% of the individual’s wages paid after January 1, 2015 for a period of employment no less than six months; and
- $2,500 for part-time employment (between 8 hours and 30 hours per week), based on 10% of the individual’s wages paid after January 1, 2015 for a period of employment no less than six months.
If the amount of the credit exceeds the entity’s tax liability, then the tax credit may be carried over for the following three years.
In addition, a business/organization cannot claim this tax credit on a hired individual if they claim another tax credit on the individual.
Workers (with Disabilities) Employment Tax Credit (WECT)
Businesses that employ people with disabilities who currently receive vocational rehabilitation services (or people who received them up to two years prior to hire) may earn $2,100 more in state tax credits. You get the credit during the second year of employment and can combine it with the Work Opportunity Tax Credit (WOTC).
Work Opportunity Tax Credit (WOTC)
The Work Opportunity Tax Credit (WOTC) offers employers up to $2,400 in federal tax savings for hiring individuals with barriers to employment. Qualified individuals must complete at least 120 hours of work to qualify for the partial WOTC credit of $1,500, and over 400 hours for the full $2,400 credit. To qualify businesses for the credit, individuals must be verified as members of a targeted group.
The groups include:
- People who receive Temporary Assistance for Needy Families (TANF)
- Veterans who:
- Receive Supplemental Nutrition Assistance Program (SNAP) benefits
- Have a service-related disability
- Have been unemployed for at least four weeks in the previous calendar year
- People (age 18-39) who live in a federal empowerment zone or rural county
- Disabled persons receiving rehabilitation services
- Youth (age 16-17) who live in a federal empowerment zone (summer employment only)
- People (age 18-39) who receive Supplemental Nutrition Assistance Program (SNAP) benefits
- People who receive Supplemental Security Income (SSI)
- People who receive Long-Term Family Assistance
- Long Term Unemployment Recipients (LTUR)
Work for Success
The Work for Success Program helps businesses earn up to $2,400 in federal tax credits (WOTC) for each formerly incarcerated person they hire. This helps to reduce recidivism, promote economic development and improve public safety throughout New York State. Work for Success sends businesses only the most qualified and appropriately trained applicants for open jobs
For more information, see the Work for Success Fact Sheet (PDF).
Contact us to be connected with a work-ready job applicant.
New York Youth Jobs Program
The New York Youth Jobs Program helps young people entering the world of work have a successful start. The program encourages the hire of unemployed, disadvantaged youth. Businesses may earn tax credits of up to $7,500 per youth for full-time employment, and up to $3,750 per youth for part-time employment. To qualify, both businesses and youth must be certified by the New York State Department of Labor. Businesses may be eligible for certification if they are in good legal standing, and have a physical location in New York State. Youth may be eligible who are unemployed, between ages 16-24, live New York State and meet one of the designated risk factors.
- New York Youth Jobs Program Fact Sheet for Businesses
- New York Youth Jobs Program Fact Sheet for Youth
Federal Bonding Program
New York State proudly supports the Federal Bonding Program, a US Department of Labor initiative since 1966.
The Federal Bonding Program (FBP) was created as a hiring incentive for job seekers with employment challenges. The FBP provides no-cost fidelity bonding for six months to businesses that hire hard-to-place job seekers. The benefits of the FBP are promoted to businesses and job seekers at all New York State Career Centers.
- NYS Federal Bonding Program Fact Sheet
- The Federal Bonding Program and Your Business
- NYSDOL Resources and Initiatives for Job Seekers with Criminal Records