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Use new IRS form to claim HIRE Act tax breaks

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in Hiring,Human Resources,Small Business Tax,Small Business Tax Deduction Strategies

The IRS last month published the forms employers need to claim payroll tax breaks offered under the new HIRE Act. The law eliminates employers’ 6.2% Social Security payroll tax on wages paid to certain newly hired people who had been previously unemployed. Employers must obtain a statement from eligible new hires certifying that they qualify.

The forms include a new Form W-11 (HIRE Act Employee Affidavit) and a revised Form 941 (Employer’s Quarterly Federal Tax Return). Find links to the forms plus details about the new tax breaks at www.theHRSpecialist.com/hireact.


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