Tax Credits You Want to know If You Are An Employer-2011 Tax Hel

Revised work opportunity credit for employers

• $5,600 credit for hiring veterans looking for work over 6 months

• $9,600 for disabled veterans. 

• Credit extended 1 year for hiring veterans (2012)

New Hire Retention Credit

• $1,000 credit to employers who hire unemployed workers (TY ending after 3/18/10)

• Must be employed for at least 52 consecutive weeks

• Wages during last 26 weeks must equal at least 80% of first 26 weeks of period

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