Credits and Incentives Services | Deloitte US | Tax


Credits and Incentives Services

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​If your company is entering new markets, acquiring or merging with another company, consolidating, divesting, or relocating facilities and operations, or simply growing, state and local incentives and tax credits can present a significant opportunity.

By exploring, securing, and implementing available credits and incentives, you can potentially: avoid paying unnecessary taxes, obtain immediate tax refunds, manage operational costs, improve earnings before interest and tax, net income, and shareholder value, and enhance the economic value of company initiatives. However, many different factors affect the specific types of credits and incentives that may be available to your company. Deloitte can help you sort through the potential benefits along with the related requirements.

​Work Opportunity Tax Credits Services (WOTC)

Does your company claim the Work Opportunity Tax Credit (WOTC), a federal tax credit designed to encourage businesses to hire individuals from certain targeted groups? As the WOTC can range between $2,400 and $9,600 for each qualified employee, the total potentially available WOTC can be substantial for many companies. How well is your tax department equipped to address the WOTC application, certification, and computation processes? Deloitte’s WOTC Services and our supporting Technology for WOTC, or T4WOTCTM, offer many advantages over traditional approaches, from obtaining job applicant information and monitoring compliance metrics, through computing the amount of available WOTC.

Learn more about Work Opportunity Tax Credit Services.


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​Deloitte Incentive Assistant (DIA)

Deloitte’s Credits and Incentives Technology and Reporting team has developed a web-based system designed to address incentive planning and compliance. We have developed technology tools along with dedicated resources to help deliver incentives dollars. Our tool is designed to help you coordinate incentives activities and provide tools to promote strategic thinking among the various departments typically involved throughout the credits and incentives life-cycle. We can help streamline implementation of credits and incentives programs through timely reminders of reporting deadlines and critical benefit maintenance tasks and increase consistency and accountability to reduce exposure to potential recapture (claw back) provisions and associated negative publicity that may result.

Learn more about Deloitte Incentive Assistant.


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​Employment-related incentives

Employers may be eligible to claim significant dollars in federal, state and local Incentives for employment related activities such as creating jobs, hiring eligible employees and training employees. Deloitte Tax National Credits and Incentives practice can assist clients in the indentification, securing, and implemetation of available employment-related tax credits and financial credits.

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Credits & Incentives talk with Deloitte

“Credits and Incentives talk with Deloitte,” is a monthly column by Kevin Potter of Deloitte Tax LLP, featured in the Journal of Multistate Taxation and Incentives, a Thomson Reuters publication.

June 2016: Ohio: Available training incentives

The June edition focuses on Ohio and two of its programs that seek to support businesses as they train or retrain their workforce. Providing training incentives to businesses of all sizes, while permitting them to determine the appropriate curriculum, can encourage the necessary training and retraining of people for existing, unfilled jobs.

May 2016: Congress extends and expands WOTC to fight unemployment

This edition discusses the extension of the Work Opportunity Tax Credit program, available to employers hiring individuals from certain target groups, as a tool to reduce the ranks of unemployed.

March/April 2016: Georgia hiring credits

This edition focuses on the state's hiring tax credits. The amount of hiring credits, along with the various methods for a business to utilize those credits, make Georgia a strong contender for job growth.

February 2016: Arkansas proposes constitutional amendment to encourage economic development

The February edition, co-authored with Michael G. Krajcer and Linda Bonelli of Deloitte Tax LLP, discusses economic incentives in Arkansas that have been bumping up against the state's constitutional limitations for decades.

January 2016: "New employee-training credits and incentives opportunities in New York"

The January edition of "Credits and Incentives talk with Deloitte," is devoted to employee-training tax credits and financial incentives as a potential way to help organizations subsidize this significant cost. 

November/December 2015: "Credits and incentives, timing is everything"

The November/December edition of "Credits and Incentives talk with Deloitte," co-authored with Nancy Foster of Deloitte Tax LLP, discusses timing throughout the entire process of obtaining, securing, and monetizing credits and incentives benefits.

October 2015: "The future of the 421-a property tax exemption in New York City

The October edition summarizes those aspects of the 421-a exemption program--as amended in AB 8323--that would be applicable through June 15, 2019, pending execution of the memorandum of understanding.

September 2015: "A roadmap of how one governor used economic development to create a new Virginia economy: Part two"

September’s “Credits & Incentives talk with Deloitte” explores the indirect, big–picture incentives intended to provide staying power to Governor McAuliffe's New Virginia Economy strategic plan.

August 2015: "A roadmap of how one governor used economic development to create a new Virginia economy"

The August issue of "Credits & Incentives talk with Deloitte" discusses how one governor used economic development to create a new Virginia economy and his approaches form a comprehensive, long-term strategy to turn his state into a modern-day leader in global economic development.

July 2015: "Credits and incentives provide green for going green"

The July issue of "Credits & Incentives talk with Deloitte" discusses how businesses can use tax credits and incentives to help lower the overall cost of going green.

June 2015: "Tax credit carryfowards, less may be more"

The June issue of "Credits & Incentives talk with Deloitte" discusses possible options for carrying forward excess tax credits.

May 2015: "States Use Credits & Incentives to Attract Startups and Technology Companies"

The May issue of “Credits & Incentives talk with Deloitte” highlights some of the states with noteworthy programs focused on attracting and retaining technology companies and startups.

March/April 2015: “The Home Field Advantage of Credits and Incentives”

This issue's column discusses state and local credits and incentives for major league sports franchises, with examples of how states have used tax credits and incentives to attract or retain sport franchises

February 2015: “Lights, Camera, Action…Incentives”

February’s issue of “Credits & Incentives talk with Deloitte,” provides some examples of available tax credits and incentives for film and television production in a number of state and local jurisdictions.

January 2015: “The Many Rewards of Hiring Veterans”

In this article, we summarize the federal programs and some of the programs offered by the larger states. These incentives, along with the skills that veterans bring to the workforce from their military training and service, present a strong business case for hiring veterans.

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