Able Veterans » hiring http://ableveterans.com Resources, information and opportunities for wounded warriors Wed, 04 Apr 2012 03:09:34 +0000 en hourly 1 http://wordpress.org/?v=3.3.1 Tax Incentive of $2400 for Hiring Veteran http://ableveterans.com/tax-incentive-for-hiring-veteran http://ableveterans.com/tax-incentive-for-hiring-veteran#comments Tue, 31 Mar 2009 11:58:39 +0000 David http://www.ableveterans.com/?p=132 In the The American Recovery and Reinvestment Act of 2009 (provision mentioned in Subtitle C – Tax Incentives for Business, Part III – Incentives For New Jobs on page 223 of the act) there is a new veteran category eligible for the WOTC. From January 1, 2009 through December 31, 2010) companies can take a maximum tax credit of $2,400 per veteran for any veteran who was:

  • Discharged or released from active duty in the Armed Forces at any time during the 5-year period ending on the hiring date, AND
  • In receipt of unemployment compensation under State or Federal law for not less than 4 weeks during the 1- year period ending on the hiring date.

This new veteran category of WOTC is retroactive to apply to individuals who began work for an employer after December 31, 2008.

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