Posts Tagged ‘Tax credit’
Do you wish that people gave you more credit?
Work Opportunity Tax Credit extended through 2020 If you’re a business owner, be aware that a recent tax law extended a credit for hiring individuals from one or more targeted groups. Employers can qualify for a valuable tax credit known as the Work Opportunity Tax Credit (WOTC). Generally, an employer is eligible for the credit…
Read MoreGet a 30 Percent Tax Credit for Residential Solar Panels
Only a few months left to Claim a Tax Credit for Residential Solar Panels If you’ve decided that you want to go the Solar Energy route, here are some unique tax advantages to help pay for it. The 30 percent residential solar credit: drops to 26 percent for tax year 2020, drops to 22 percent…
Read MoreTax credits for small businesses
Tax credits reduce tax liability dollar-for-dollar, making them particularly valuable. One of them might not be available after 2017.
Read MoreHire a Vet? Time is running out for tax credit.
Employers Need to Act Soon to Get Expanded Credit for Hiring Vets Special Edition Tax Tip 2012-11 Employers that hired unemployed veterans during late 2011 and early 2012 had an expanded period to request the required certification for claiming the expanded Work Opportunity Tax Credit (WOTC). That expanded period ends on Tuesday, June…
Read MoreNew 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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