Tax Credits

If you’re an employer looking for a tax break, Workforce Investment may be able to help.

• Work Opportunity Tax Credit  – This program provides employers with up to a $2,400 tax credit per eligible hire.  Among those eligible are certain welfare, food stamp and Supplemental Security Income (SSI) recipients; youth who live in areas designated as federal empowerment zones and enterprise communities; ex-felons; and people with disabilities.

For full eligibility information, call Barbara Gilley at (502) 564-7456.  Her e-mail address is BarbaraA.Gilley@ky.gov.

• Welfare-to-Work Tax Credit – This program provides employers with a maximum $8,500 tax credit per eligible hire for people who are long-term welfare recipients.

For full eligibility information, call Barbara Gilley at (502) 564-7456. Her e-mail address is BarbaraA.Gilley@ky.gov.

• Deduction for Removal of Barriers (IRS Code Section 190) – You may be able to deduct expenses for making a facility or vehicle used in your business more accessible to persons with disabilities.

• Accessibility Credit (IRS Code Section 44) – An eligible small business that pays or incurs expenses for providing access to persons with disabilities is allowed a tax credit.

For more information, contact Chase Forrester at (voice) 1-800-327-5287 or (TTY) 1-502-327-9855. His e-mail address is chase.forrester@ky.gov