Are there any special tax credits available for businesses that employ disabled workers?

Yes, there are special tax credits available for businesses that employ disabled workers in Massachusetts. The Employer Incentive Program (EIP) provides tax credits to employers who employ people with disabilities. The program provides a tax credit of up to $2,400 per year for a disabled worker for a period of up to five years. The amount of the tax credit is based on the wages paid to the disabled worker, with the highest tax credit being given to employers who pay the disabled worker at least $14.22 per hour. The Work Opportunity Tax Credit (WOTC) also provides tax credits to employers who hire individuals with disabilities. The credit is based on a percentage of the first year wages paid to the disabled worker and can provide up to a maximum of $2,400 per employee per year. In addition, employers who employ people with disabilities are eligible for the Disabled Access Tax Credit which provides a tax credit up to $5,000 for the cost of making their workplace and facilities more accessible to people with disabilities. Overall, Massachusetts has a variety of tax credits and incentives for employers that hire people with disabilities in order to encourage employers to include people with disabilities in the workforce. These programs provide an economic incentive to businesses to hire disabled individuals and can help make Massachusetts an even more inclusive and diverse place to live and work.

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