Resources for Veterans

With the draw down of troops inIraq, there are a lot of returning soldiers that need jobs to support themselves and their families.  But, these soldiers also bring mad skills with them from management (supervisory) to loyalty and dedication – all with an extremely high work ethic. The can both lead and follow as needed.

If you are in the market to hire and want to make sure you make a great decision then:

1)      Hire a veteran, and
2)      Use the latest incentive from the federal government (see below).

This will create a true win-win for all involved.

Work Opportunity Credit

Expanded Tax Credit for Hiring Unemployed Veterans

The work opportunity credit has been expanded to provide employers with new incentives to hire certain unemployed veterans.

On November 21, 2011, the President signed into law the VOW to Hire Heroes Act of 2011. This new law provides an expanded work opportunity tax credit to businesses that hire eligible unemployed veterans and for the first time also makes part of the credit available to tax-exempt organizations. Businesses claim the credit as part of the general business credit and tax-exempt organizations claim it against their payroll tax liability.

The credit is available for eligible unemployed veterans who begin work on or after November 22, 2011, and before January 1, 2013. More information will be posted soon.

For the latest information about Form 5884 and its instructions, go to <a href=”www.IRS.gov/form5884″>www.IRS.gov/form5884</a>. For the latest information about Form 8850, go to <a href=”www.IRS.gov/form8850″>www.IRS.gov/form8850</a>.

For those of that went before – any help you can provide a returning veteran - is greatly appraciaated and will be returned to you a hundred times fold though hard work and loyalty.