In efforts to streamline processes and provide employers with greater incentives to hire qualified individuals, the New Jersey Department of Labor and Workforce Development recently unveiled the online system, allowing employers and tax credit consultants to validate WOTC tax credits online. Initially part of an early summer pilot program, TALX was one of the first to aid the state in fine-tuning the application.
Synching directly with the state’s Department of Human Services (DHS) and Division of Vocational Rehabilitation Services (DVRS), TALX and the state of New Jersey will help organizations quickly identify and confirm those employees who qualify employers for WOTC credits, including individuals with disabilities, Temporary Assistance for Needy Families (TANF) recipients and New Jersey Supplemental Nutrition Assistance Program (SNAP) recipients.
The new electronic system replaces the previous method of submitting IRS Form 8850 applications through the mail, and offers more flexibility and control over the application process. Expected to minimize errors, the new process will also allow the state to more promptly validate a business’s tax credit certification, most often within two days.
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