Enrolled Agent Exam [Part 2] 69, Work Opportunity Tax Credit (WOTC)

This podcast is made by Ran Chen, who holds an EA license, Insurance and Securities licenses (Series 6, 63, 65), and the CFP® designation. He is passionate about opening access to high-quality exam preparation resources and helping learners prepare more effectively for professional certification exams. In this episode you will learn: - The WOTC is a general business credit for hiring individuals from specific targeted groups who face employment barriers. - The credit is calculated as either 25% (for 120-399 hours worked) or 40% (for 400+ hours worked) of qualified first-year wages. - Qualified wages are generally capped at the first $6,000 of earnings, resulting in a m...