Wounded Times

Where Veterans Get Their News

Wednesday, January 2, 2013

Business get tax cut to hire veterans

Congress passes tax credits for vet employers
Army Times
By Rick Maze
Staff writer
Posted : Wednesday Jan 2, 2013

The tax extender bill passed on New Year’s Day by Congress includes five work opportunity tax credits aimed at encouraging businesses to hire veterans.

Called the Returning Heroes and Wounded Warriors work opportunity tax credits, the programs pay between $2,400 and $9,600 to businesses who hire veterans.

President Obama has promised to sign the measure, and the Treasury Department says it is working on how to handle the tax-related provisions.
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