1040, Capital Building, Cash

Facts & Overview

• Provides a Federal tax credit to employers who hire individuals from certain target groups.

• Earn up to $9,600 for each qualified new hire.

• Depending on the structure of the organization, the tax credits may pass through to the owners/partners personal income taxes.

• Tax credits can be carried forward for up to 20 years and/or carried back one year.

• Most Fortune 500 companies participate in various tax incentives.  These tax programs can help your company remain competitive in your market.

• Federal tax credits may also "piggyback" many State tax credits.

• There is no limit on the number of individuals an employer can hire to qualify for the tax credit.

• Reduces the cost of doing business.

• No changes to your existing hiring practices.  You have complete control over your hiring selection.

• Employees from these target groups may already be on your payroll.  Claim your tax credits now.

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