New Tax Breaks For Employers That Hire Unemployed Veterans

by:


October 4, 2016
From King5.com

There’s a new perk in Washington State for companies that hire unemployed veterans — a tax break. The benefit is meant to encourage business owners to hire vets who sometimes have difficulty applying military skills in the workplace.

“They may need a little bit of extra training to make that transition, but once they make that transition they makeimage of veterans parade great employees,” said Alice Stevenson, co-owner of Geeks at Site, a small computer repair business in Federal Way.

The company has prioritized applicants with military experience, yet veterans still have a higher unemployment rate than the national average. Washington is hoping to change that.

The new tax incentive can give business owners up to $1,500 in tax credits per veteran hire. To qualify, the veteran must have been honorably discharged, unemployed for more than 30 days and hired into a full-time position held for at least six months.

The tax credit program took effect Oct. 1.

More info: http://www.dva.wa.gov/new-bo-tax-credit

Click here to read the full article on King5.com.

Contact Us