There is a significant tax benefit for employers who hire a qualified veteran. The employer benefit is in the form of a tax return credit, available to those who hire vets before December 31, 2013. The business can receive up to $9,600 in tax credit as part of the Work Opportunity Tax Credit (WOTC). The credit is part of other business-related tax credits on the Form 3800, General Business Credits. <\/p>\n
Are many employers claiming the credit early next year? Right now, it is hard to say. But the numbers show that more vets are being hired: according to the Bureau of Labor Statistics, job numbers have been slowly and steadily increasing for the past several years. In fact, the employment rate for veterans is currently much higher than that of the national average compared to civilian employment.<\/p>\n
The currently unemployment rate for vets is currently at 6.3 percent, down from 6.6 (more…)<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":" There is a significant tax benefit for employers who hire a qualified veteran. The employer benefit is in the form of a tax return credit, available to those who hire vets before December 31, 2013. The business can receive up…<\/span><\/p>\n