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.