Earn Federal Income Tax Credits for Hiring Veterans
We all know and understand that it’s a tight labor market right now. Because of that, recruiting costs and cost per hire numbers are going through the roof for employers. How would you like to recruit a highly qualified candidate at a reduced cost? How about even “making money” on recruiting?
The Work Opportunity Tax Credit (WOTC) is a Federal tax credit available to employers who hire veterans. Each year, employers claim over $1 billion in tax credits under the WOTC program.
- WOTC reduces an employer’s cost of doing business.
- WOTC can reduce an employer’s federal income tax liability by as much as $9,600 per veteran hired.
- There is no limit on the number of individuals an employer can hire to qualify to claim the tax credit.
Certain tax-exempt organizations can take advantage of WOTC by receiving a credit against the employer’s share of Social Security taxes.
Military Talent Source can help identify WOTC eligble veterans as part of the recruiting process and assist your HR department in filling out and filiing the required paperwork.
Military Talent Source
Military Talent Source, LLC matches talent with opportunity. We are a specialized firm that conducts military recruiting and veteran employment consulting as a full focus. We provide a personalized service to both separating military service members and corporate clients in order to match talent to specific opportunities in the civilian corporate sector. Because we understand both the military and corporate cultures we are able to break through barriers and overcome the all too common frustrating challenges.Contact Us