On December 17, 2010, President Obama signed into law the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, or H.R. 4853 (there’s a mouthful!). It provided a two year extension of many tax cuts enacted under the Economic Growth and Tax Relief Reconciliation Act of 2001 (EGTRRA). However, much to my disappointment,… Read more »
Posts Tagged: WOTC
An Update on Tax Credits for Hiring Military Veterans
Back in December I posted a blog on how hiring military veterans can save your company money through the use of a tax credit called the Work Opportunity Tax Credit (WOTC). This credit is available via IRS Form 5884 to organizations that employ certain categories of veterans. Thanks to The American Recovery and Reinvestment Act… Read more »
How Hiring Military Veterans Helps Your Company Save Money – Part 4: Tax Credits
The federal government encourages employers to hire military veterans by providing a tax credit to organizations that employ certain categories of veterans. This incentive is called the Work Opportunity Tax Credit (WOTC). More details are available in IRS Form 5884. There are three categories of veterans who, if hired by your company, would entitle your… Read more »