Work Opportunity Tax Credit. The Work Opportunity Tax Credit (WOTC), authorized by the Small Business Job Protection Act of 1996 (P. L. 104-188), is a federal tax credit that encourages employers to hire eight targeted groups of job seekers by reducing employers’ federal income tax liability by as much as $2,400 per qualified new worker; $750, if working 120 hours, or $1,200 if working 400 hours or more, per qualified summer youth. Employers can learn which new hires may qualify, find brochures, download IRS and ETA forms necessary to participate and find instructions at the U.S. Department of Labor or call 1.800.669.9271.
National H.I.R.E. Network. Established by the Legal Action Center, the National Helping Individuals with Criminal Records Re-enter through Employment Network is both a national clearinghouse for information and an advocate for policy change. The goal of the National H.I.R.E. Network is to increase the number and quality of job opportunities available to people with criminal records by changing public policies, employment practices and public opinion. The National H.I.R.E. Network also provides training and technical assistance to agencies working to improve the employment prospects for people with criminal records.
Transitional Jobs. Meaningful work sets the stage for financial independence and career growth. Many individuals with barriers to work remain unemployed despite attempts to work because they have been unable to find and keep a job on their own. The National Transitional Jobs Network programs assist these individuals in gaining permanent jobs. By working in a subsidized, transitional job for three to twelve months, they earn a paycheck, learn technical skills for higher wage jobs, become eligible for the Earned Income Tax Credit, and receive intensive mentoring and support. This transitional job is the first step toward permanent employment and economic opportunity.
Posted by: The Candid Blogger
No comments:
Post a Comment
Feel free to comment and let's do our best to avoid personal attacks and focus on the topic. Love IS the answer.