New tax credit for hiring vets

By elitecpas | December 1, 2011 | Comments Off on New tax credit for hiring vets

  President Obama has signed into law increased tax credits for hiring certain veterans. The credits are part of the Work Opportunity Credit, which requires that employers certify through state jobs agencies that employees qualify for the credits. The credit rules, effective for veterans hired as new employees: – A maximum $4,800 credit (40% of the…

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