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January 7, 2013

Tax-credit program for hiring veterans extended

(Continued)

▶ Businesses that bring aboard a service-related disabled veteran discharged from active duty within a year are eligible for a tax credit of up to $4,800.

▶ Businesses that hire a vet who has been looking for a job for at least six months receive a tax credit worth up to $5,600.

▶ Businesses that hire a veteran who has been seeking work for at least six months and has a service-related disability are eligible for a $9,600 tax credit.

While tax-exempt organizations realize a slightly smaller credit, a nonprofit company can still save up to $6,240 if it hires a disabled veteran who has been unemployed for six months or more.

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