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Capture jobs credit for vets

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in Small Business Tax,Small Business Tax Deduction Strategies

Does your business intend to hire military veterans this year? It may qualify for the Work Opportunity Tax Credit (WOTC).

The maximum WOTC is $9,600 for hiring veterans with service-connected disabilities who have been unemployed for more than six months; $5,600 for other veterans who have been unemployed for more than six months; and $2,400 for veterans who have been unemployed from one to six months.

View an IRS video on the topic at www.youtube.com/watch?v=mUeHt_P1xl4.

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