The average business misses $47k in tax credits annually. Discover what you may qualify for β across 6 federal and state credit types β in under 2 minutes.
Why This Matters
77% of businesses that qualify for tax credits never claim them.
The credits exist. The eligibility rules are clear. But most business owners don't know which ones apply to them β so the money stays on the table. WOTC alone is worth up to $9,600 per qualifying hire. If you hired anyone in the last 12 months, you may already have unclaimed credits sitting in your payroll data.
These aren't obscure loopholes. They're federal programs designed specifically to reward businesses that hire, invest in employees, and provide benefits. This calculator gives you a directional estimate right now.
π‘ What this means for you: Tax credits reduce your tax bill dollar-for-dollar β not just as a deduction. A $9,600 WOTC credit is $9,600 off what you owe. Multiply that across a few qualifying hires and it adds up fast. Run the numbers below and see what you may be leaving behind.
Step 1 β Your Business
Includes full-time and part-time employees
Step 2 β Qualifying Factors
Check all that apply to your business or recent hires. Each one may unlock additional credits.
Any hire who served in the U.S. military
Within 1 year of conviction or release
Unemployed 27+ weeks before hire
Food stamp or public assistance recipients
Referred by vocational rehabilitation agency
Product development, software, process improvement
Federally designated economically distressed area
Restaurant, hospitality, or service businesses
Estimated Annual Tax Credit Opportunity
β
Based on your business profile and qualifying factors. Credits reduce your tax bill dollar-for-dollar.
Your Credit Breakdown
Sources: IRS Publication 954 (WOTC), IRC Β§41 (R&D Credit), IRC Β§1396 (Empowerment Zone), IRC Β§45R (Small Business Health Care Tax Credit), IRS Form 8846 (FICA Tip Credit), state economic development agencies. Credit amounts are estimates based on typical qualifying scenarios. Actual credits depend on individual certification and professional tax review.
How to Claim These Credits
Credit
IRS Form
Key Deadline
Complexity
β οΈ Estimates only β not tax advice. These projections are based on published credit rules and your inputs. Actual credit amounts require individual certification, professional review, and IRS filing. Credits are subject to eligibility verification. Consult your tax advisor or a payroll specialist to begin the certification process.
Want help claiming these credits? A payroll specialist can walk you through WOTC certification, R&D tracking, and state credit identification β most credits require action within 28 days of hire. Contact us β