The Stanly News and Press (Albemarle, NC)

Service News

November 23, 2011

Gov. Perdue Urges Employers to Hire Veterans and Take Advantage of New Tax Credit

Businesses Can Earn Up to $9,600 Per Employee

(Continued)

Wednesday, November 23, 2011 —

    Long-term unemployed: A new credit of 40 percent of the first $14,000 of wages (up to $5,600) for employers who hire veterans who have been unemployed longer than six months.

  The Wounded Warrior Tax Credit will double the existing tax credit for long-term unemployed veterans with service-connected disabilities.

    Maintain the existing Work Opportunity Tax Credit for veterans with service-connected disabilities (currently the maximum is $4,800).

    A new credit of 40 percent of the first $24,000 of wages (up to $9,600) for firms that hire veterans with service-connected disabilities who have been unemployed longer than six months.

 

 

 

 

 

 

 

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