Tax Alert: New Maryland State WOTC Program

A new Maryland state law creates an additional 50% state tax credit on all Work Opportunity Tax Credits allowed at the federal level for Maryland employees. The new state-level WOTC allows credit to be taken for eligible hires in taxable years 2022 – 2028.

 

We are thrilled about this new opportunity, and we will be monitoring developments and providing updates as they become available to us. Please ensure you are subscribed to our Tax Alerts to stay informed! If you have any questions, please contact your First Advantage Tax Consultant or your legal counsel.

This content is offered for informational purposes only. First Advantage is not a law firm, and this content does not, and is not intended to, constitute legal advice.  Information in this may not constitute the most up-to-date legal or other information.

Readers of this content should contact their own legal advisors concerning for their particular circumstance.  No reader, or user of this content, should act or refrain from acting on the basis of information in this content.  Only your individual attorney or legal advisor can provide assurances that the information contained herein – and your interpretation of it – is applicable or appropriate to your particular situation.  Use of, and access to, this content does not create an attorney-client relationship between the reader, or user of this presentation and First Advantage.

Background Check Resources

Trustworthy information to assist you with strategies that empower business growth, enlighten leadership and help you face the future with confidence.

Now Available!

2024 Trends Report Reveals Latest Insights