Wyoming State Tax Credits

More ways to save your hard-earned money from the tax man!

Wyoming has some great State Tax Credits for you....

Thank you so much for checking our resource out here for your state and congratulations for taking a proactive step to paying less in taxes. For your state, we have identified the tax credits that are currently being offered to help you pay less in state taxes.

We hope this resource is helpful to you, and if there is something you feel we have missed, please let us know!

It would be completely arrogant of us to think that we know all things and if we missed something we want to know so we can vet that and help you and our other friends in the entrepreneurial community pay less in taxes! And if you found this helpful, you should check out our DIY resources inside of our Tax Savings Communities (found at www.MakeTaxesFair.com/Our-Communities).

We're also ready to help you if you want to skip the line of the DIY process and get help directly from us. To learn more about how we help our clients check out www.MakeTaxesFair.com/Get-My-Roadmap

 
Wyoming

Wyoming Work Opportunity Tax Credit (WOTC)

Overview:
The Wyoming Work Opportunity Tax Credit (WOTC) provides a federal income tax incentive for employers who hire individuals from targeted groups that face barriers to employment. The credit rewards employers based on the number of hours the employee works in their first year.

Who It’s For:
Wyoming employers hiring eligible individuals from approved WOTC target groups, including ex-felons, public assistance recipients, and long-term unemployed job seekers.

Four Key Highlights:

  1. Eligible Target Groups Include Veterans & Disadvantaged Workers
    Qualifying hires must belong to specific groups, such as ex-felons, SSI/SNAP/TANF recipients, long-term unemployed, or vocational rehabilitation referrals. Veterans not receiving SNAP or disability benefits may also qualify.

  2. Credit Depends on Hours Worked

    • 120–399 hours: 25% of first $6,000 in wages (up to $1,500)

    • 400+ hours: 40% of first $6,000 (up to $2,400)

    • No credit for under 120 hours

  3. Certain Individuals Are Ineligible
    Rehires, relatives or dependents of the business owner, and veterans receiving SNAP, disability, or those unemployed are not eligible for WOTC.

  4. Application Deadline is 28 Days Post-Hire
    Employers must submit IRS Form 8850 and ETA Form 9061 within 28 calendar days after the employee’s start date—preferably through Wyoming’s electronic WOTC portal.

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