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Employer Toolkit: Employer Incentives
Disabled Access Tax Incentives
Small businesses are eligible for two tax incentives to help cover the cost of providing reasonable accommodations for employees or customers with disabilities, such as sign language interpreters, readers, materials in alternative format (such as Braille or large print), the purchase of adaptive equipment, the modification of existing equipment, or the removal of architectural barriers.
Empowerment Zone Employment Credit
The Empowerment Zone Employment Credit is an incentive for businesses located in an Empowerment Zone to hire employees who live in the zone, earning a tax credit of up to $3,000 per eligible employee.
Federal Bonding Program
The Federal Bonding Program, sponsored by the U.S. Department of Labor, serves as a tool to secure the job placement of ex-offenders and other high-risk applicants by issuing Fidelity bonds to businesses who offer jobs to workers in "at risk" groups. These bonds are business insurance policies that protect the employer in case of any loss of money or property due to employee dishonesty.
Renewal Community Employment Credit
The Renewal Community Employment Credit allows companies located within a Renewal Community to earn a tax credit of up to $1,500 for each of their employees who lives in the community.
Work Opportunity Tax Credit Program
The Work Opportunity Tax Credit (WOTC) program encourages employers to hire targeted groups of job seekers by offering them a federal income tax credit. The WOTC can reduce an employer's federal tax liability by up to $2,400 per new hire.