About Tax Credits

Billions of dollars in potential credits go unclaimed each year due to companies either not knowing they qualified, or deciding that they don't have the experience or the time to handle the paperwork involved in claiming the credits.

Some of the largest credits available are based on a businesses location, or on its ability to create jobs in certain areas of the country.

• Location-based tax credits are designed to persuade certain industries to invest and create jobs in a certain state, community, area, or neighborhood.
• Job-creation tax credits reward businesses who meet certain criteria for creating jobs within a state, community, area, or neighborhood. Examples of job-creation credits include the Work Opportunity Tax Credit (WOTC) and Welfare-to-Work Tax Credit (WtWTC).

Paychex Tax Credit Services can help your business identify and apply for tax credits. If you pre-qualify, Paychex can also help with the paperwork that keeps so many businesses from claiming the credits they deserve.