Are there any tax benefits for hiring employees from Helmets to Hardhats?
Yes! While business owners should make every effort to assist our returning troops by providing them with rewarding and honorable employment, there are also a number of federal and state tax incentives that offer added impetus to employers to provide our returning heroes with a rewarding career opportunity when they get home. Federal tax benefits for hiring many veterans are available to business owners in any state. The federal benefits are available under the Work Opportunity Tax Credit (WOTC) Program. There is up to a $2,400 credit if: • A veteran who is a member of a family that has received food stamps for at least three consecutive months in the 15 months prior to the date of hire; or • A person with a disability who is participating in a vocational rehabilitation program through the U.S. Veterans Administration. There is also a WOTC credit of up to $4,800 for veterans entitled to compensation for a service-connected disability who: were hired within 1 year of having been dischar
