Reduce hiring costs and get 24% more tax credits on average with survey questions designed to maximize WOTC capture.
ENHANCED TAX CAPTURE
How WOTC Credits Are Calculated
First Advantage conducts 10 million WOTC screens annually, increasing eligibility findings by an average of 24%. Here’s how it works:
- The customer initiates a request through their ATS or HRIS. WOTC can be bundled with the background check for streamlined processing.
- Candidates receive an invitation and fill out the online eligibility questionnaire.
- First Advantage sends the required paperwork to state agencies, who verify eligibility.
- First Advantage calculates credits earned and sends a monthly aggregate credit report to the customer.
WORK OPPORTUNITY TAX CREDITS INSIGHTS
Frequently Asked Questions
What is the Work Opportunity Tax Credit (WOTC)?
The Work Opportunity Tax Credit (WOTC) is a federal program that incentivizes hiring candidates from groups that have traditionally faced significant barriers to employment. Under WOTC guidelines, employers can receive up to $9,600 in tax credits when they recruit qualifying candidates.
What are the main challenges associated with claiming WOTC credits?
Traditional WOTC eligibility assessment is a complex and time-consuming manual process that requires employers and candidates to fill out Form 8850 and submit it to their local state agency before the deadline in order to obtain certification. Additional forms may be required1.
How do First Advantage’s WOTC solutions help employers manage their WOTC eligibility?
Our solutions help employers streamline the WOTC eligibility management, maximize their credit capture, and provide candidates with a more positive experience through a brief online survey that can be integrated into the overall background screening process.
Boost Your WOTC Savings
