Tax Credit: Hire a Vet

"The Internal Revenue Service (IRS) has issued guidance [Notice 2009-28] to employers about a Work Opportunity Tax Credit (WOTC) extended by the American Recovery and Reinvestment Tax Act (ARRTA) for hiring unemployed veterans and 'disconnected youth(s)'", according to PlanSponsor.com.

 

The full article provides the criteria for considering an applicant an unemployed veteran or a 'disconnected youth'.  It also provides key deadlines that employers must adhere to in order to apply for the tax credit.