Hire a Vet? Time is running out for tax credit.

By elitecpas | June 14, 2012 | Comments Off on Hire a Vet? Time is running out for tax credit.
Veterans Day symbol

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…

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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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