Archive: veteran

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Tax Credit for Hiring Veterans

There is a maximum tax credit of $6,240 per worker available for nonprofit organizations hiring veterans who are employed before year end.  Details, factors, and deadlines can be found here on the IRS website.
December 5, 2012

Work Opportunity Tax Credit for Tax-Exempt Nonprofits

Recent changes to the Work Opportunity Tax Credit (WOTC) have made incentives for hiring eligible veterans available to tax-exempt nonprofit organizations. Under the VOW To Hire Heroes Act of 2011, the WOTC was expanded to include credits for nonprofit organizations that can be claimed against the employer portion of social security tax on wages paid […]
June 1, 2012