Tax Credit Available for Companies that Hire Veterans

This is just a reminder that there is a tax credit available for companies that hire veterans. The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers who hire veterans and individuals from other eligible target groups with significant barriers to employment. WOTC can reduce an employer’s federal income tax liability by as much as $9,600 per veteran hired. In addition, there is no limit on the number of individuals an employer can hire to qualify to claim the tax credit. Application for this credit is fairly simple.

To learn more about the opportunity and how to apply, please view the U.S. Department of Labor, Employment and Training Administration’s informational brochure by clicking here.

If you have questions in regards to eligibility or the application process, please do not hesitate to contact your KatzAbosch representative. You can also contact, Dina Bernstein, Research & Development Chair, or our Government Contracting Practice leader, Terry Grant.

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