Savii Care is a complete, web-based home care agency management solution that streamlines the caregiver, administrative, and financial operations of care delivery organizations by providing unprecedented opportunities for productivity, collaboration, and growth.
The Work Opportunity Tax Credit (WOTC) program for home care is a Federal tax credit program that provides tax credit incentives for employers to hire certain classes of individuals. This is a tax credit for your home care business, not the caregiver. 20-30% of caregivers qualifiy and the average tax credit is $2,600.
Earning even one tax credit can more than pay for Savii Care.
A real example: If you hire 50 caregivers this year and put each to work for a minimum of 120 hours, your agency could receive a $26,000 tax credit. Or, think about how many caregivers you'll hire this year and assume 20% will qualify where each tax credit is worth $2,600.
Unemployed Veterans who have at least a 10% service connected disability can earn your home care agency a $9,600 tax credit -- the highest WOTC credit available.
If you hire and put qualified caregivers to work between 120 - 400 hours, your business could reduce or eliminate your tax liability.