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

Yes, businesses in Texas that employ disabled workers are eligible to receive special tax credits. The Federal Tax Credit Program for Employers of Individuals with Disabilities, or the WOTC program, is a nationwide program that provides incentives to businesses for hiring individuals from certain target groups who have difficulty finding employment. The target groups include people with physical or mental disabilities and people receiving public assistance. In Texas, businesses may be eligible for a tax credit of up to $2,400 per qualifying employee and up to $9,600 for each disabled veteran hired. In addition to the federal tax credit, employers in Texas may be eligible for a state tax credit of up to $2,000 per disabled employee. The Texas work opportunity tax credit is available to businesses that hire certain specified target groups, including individuals with disabilities. This credit is a reimbursement of up to 25 percent of an employee’s wages and is available for up to two years, depending on the type of employee and the type of job. In Texas, businesses may also be eligible for an additional tax credit of up to $1,000 per employee if the business has fewer than 25 employees and if at least 50 percent of its employees are disabled. This credit is available to businesses that hire individuals with disabilities who are qualified to work in the areas of technology, manufacturing, transportation and other technical fields. In summary, businesses in Texas that employ disabled workers may be eligible for various federal and state tax credits, depending on their size and the type of employee hired. These tax credits provide incentives to businesses that hire disabled individuals and can help them to reduce their overall tax burden.

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

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