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Save Money – Show Support for Our Military




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Want to save money on your taxes and show your support for returning veterans?
Why not explore the Work Opportunity Tax Credit?
VOW to Hire Heroes Act of 2011 made changes to the WOTC by adding two new categories of qualified veterans and is now available to certain tax exempt employers. Employers are eligible for the credit if they hire certified qualified veterans before January 1, 2013.


To be considered a veteran, the individual must:
- Have served on active duty (not including training) in the U.S. Armed Forces for more than 180 days or have been discharged or released from active duty for a service-connected disability, and

- Not have a period of active duty (not including training) of more than 90 days that ended during the 60-day period ending on the hiring date.

In addition to the above the veteran is considered qualified for purposes of the credit if he or she is certified as:

- A member of a family receiving assistance under the Supplemental Nutrition Assistance Program (SNAP) (food stamps) for at least a 3-month period during the 12-month period ending on the hiring date.

- Unemployed for a period or periods totaling at least 4 weeks (whether or not consecutive) but less than 6 months in the 1-year period ending on the hiring date.

- Unemployed for a period or periods totaling at least 6 months (whether or not consecutive) in the 1-year period ending on the hiring date.

- Entitled to compensation for a service-connected disability and hired not more than 1 year after being discharged or released from active duty in the U.S. Armed Forces.

- Entitled to compensation for a service-connected disability and unemployed for a period or periods totaling at least 6 months (whether or not consecutive) in the 1-year period ending on the hiring date.

How much can you save? How about $9,600 per new hire for profit making organizations and $6,240 per new hire for non profit organizations.

Visit the IRS website or consult your tax advisor for more information and start saving tax dollars on your next new hire.


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