0:57
Speaker A
20:08 - 21:05
"The Work Opportunity Tax Credit is a federal tax credit for employers. It is an incentive for businesses to hire and retain employees from certain populations such as qualified ex felons"
“The Work Opportunity Tax Credit is a federal tax credit for employers. It is an incentive for businesses to hire and retain employees from certain populations such as qualified ex felons”
- Speaker
- Speaker A
- Timestamp
- 20:08 – 21:05
- Community
- Alaska News
- Location
- Alaska
- Captured at
- May 15, 2026
From the transcript
The Work Opportunity Tax Credit is a federal tax credit for employers. It is an incentive for businesses to hire and retain employees from certain populations such as qualified ex felons, people on short term tanf, long term tanf, Supplemental Nutrition Assistance, which is food stamps, vocational rehabilitation, Supplemental Security Income, and qualified veterans. If you are working with an employer that would like more information about Fidelity Bonding or Work Opportunity Tax Credit, please have them reach out to the JobCenter staff for the process of applying for these employer incentives. The U.S. department of labor defines a qualified ex felon as someone who is hired within a year of being convicted of a felony or being released from prison for a felony. By securing employment through the wotc, justice involved individuals can find stable long term employment that is crucial for rebuilding their lives.
Related Coverage
Alaska job centers promote tax credits for hiring ex-felons
Alaska's 13 job centers offer federal tax credits and fidelity bonding to employers who hire justice-involved workers. The Work Opportunity Tax Credit covers up to 40 percent of first-year wages.
by Walter AlaskaNews2w ago1 min readAIAlaska
