On November 21, 2011, the President signed into law the VOW to Hire Heroes Act
of 2011. This new law provides an expanded work opportunity tax credit to
businesses that hire eligible unemployed veterans and for the first time also
makes part of the credit available to tax-exempt organizations. Businesses claim
the credit as part of the general business credit and tax-exempt organizations
claim it against their payroll tax liability. The credit is available for
eligible unemployed veterans who begin work on or after November 22, 2011, and
before January 1, 2013.
About CMS
CMS helps companies of all sizes save money by taking advantage of the
Work Opportunity Tax Credit. Call Brian Kelly at 1-800-517-9099 today to
see if it makes sense for you.
Labels: Hiring Veterans, VOW to Hire Heroes Act, Work Opportunity Tax Credits, WOTC