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Form 5884

What is Form 5884?

Form 5884 is an IRS form which is also known as “Work Opportunity Credit”. Employers fill form 5884 form to claim the work opportunity tax credit (WOTC) if they are hiring a specific target group of employees listed by the Internal Revenue Service.

The targeted group of employees includes,

What are the requirements for Work Opportunity Tax Credit (WOTC)?

Employee(s) must work at least 120 hours (27 weeks) in the first year of employment so that employer can be eligible to claim the work opportunity tax credit (WOTC).

How much Work Opportunity Tax Credit (WOTC) can be claimed by an employer?