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Friday, July 20, 2012

Roundup: This Week's Top HR Stories From Around The Web

Friday, July 13, 2012

Roundup: This Week's Top HR Stories From Around The Web

Wednesday, February 15, 2012

IRS Gives Guidance On Veterans Tax Credit

The Internal Revenue Service has provided new guidance and forms that employers can use to claim the newly-expanded tax credit for hiring veterans.

The VOW to Hire Heroes Act of 2011, as enacted on November 21, 2011, expands the Work Opportunity Tax Credit ("WOTC") to businesses hiring eligible unemployed veterans. For the first time the bill also makes the credit available to qualified tax-exempt organizations.

Click here to continue reading IRS Gives Guidance on Veterans Tax Credit.

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Monday, January 31, 2011

New Senate Bill To Expand WOTC for Veterans

Senate Finance Committee Chairman Max Baucus (D-Mont.) and Senator Chuck Grassley (R-Iowa) announced last week that they have introduced legislation to create job opportunities for veterans returning home from war and help businesses create jobs.

This Veterans Employment Transition Act, or the VETs Jobs bill, would reward employers for hiring qualified veterans who have recently completed their service in the military with a tax credit of up to $2,400 per veteran.

A previous version of this credit, which was part of the Work Opportunity Tax Credit, was designed to help employers hire veterans, but expired at the end of 2010. The new legislation Baucus and Grassley are introducing today would reinstate the tax credit and make it easier for veterans and small businesses to use. As a result, servicemen and women who have been recently discharged will be able to provide documentation directly from the Department of Defense without having to go through the tax credit’s current certification process.

Read the press release here.

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