For employers who hire unemployed veterans who begin work after November 21, 2011 and before January 1, 2013.
The size of the credit depends on how long the new hire was out of work. It could be 40% of the first $14,000 of pay for vets who were jobless for at least six months in the year before they were hired. For those out of work between four weeks and six months it is 40% of the first $6,000 of pay.
This tip is brought to you by Schutte & Hilgendorf CPA’s, a Prescott firm serving the greater Yavapai County, providing audit, accounting, bookkeeping, tax preparation and planning, QuickBooks accounting and setup to individuals and small businesses.
Contact us for a free initial consultation at 928-778-0079.
