Posts tagged Work Opportunity Tax Credit
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1 year ago
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An expanded Work Opportunity Tax Credit is available for hiring qualified Veterans

Employers you can get up to $9,600 if you hire a Vet before year’s end. It’s called the Veterans Opportunity to Work (VOW) http://go.usa.gov/Ytvm.

The VOW to Hire Heroes Act of 2011 made changes to the Work Opportunity Tax Credit (WOTC) adding two new categories to the existing qualified veteran targeted group and making the Work Opportunity Tax Credit available to certain tax-exempt employers as a credit against the employer’s share of social security tax. The Act allows employers to claim the WOTC for veterans certified as qualified veterans and who begin work before January 1, 2013.

Learn more about the Veterans Opportunity to Work on www.irs.gov or check out the IRS Work Opportunity Tax Credit tax tip video http://www.youtube.com/watch?v=mUeHt_P1xl4 to learn more.