Financial Incentives

Financial Incentives for Businesses to Hire People with Disabilities

Many businesses have found individuals with disabilities to be a perfect fit for their needs. In addition to gaining valuable personnel, these businesses also qualify for a range of financial incentives

WOTC & WtW Tax Credits

Work Opportunity Tax Credit WOTC is available to employers for hiring individuals from economically disadvantaged backgrounds. Employers can receive a tax credit of up to $2,400 per individual hired. Many people with disabilities meet the criteria for WOTC,
including all recipients of Supplemental Security Income (SSI) and all clients of state vocational rehabilitation agencies.

Welfare-to-Work Tax Credit
If a person with a disability is a recipient of Temporary Aid to Needy Families (TANF) at the time of hire, the employer can receive a federal tax credit for up $8,500 per individual hired.

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

ADA Small Business Tax Credit For Cost of Accommodations for Employees
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

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