The American Job Act: The Returning Heroes Hiring Tax Credit for Veterans

7 11 2011

As the unemployment rate for veterans is on the rise, what information can Personal Financial Management Plan (PFMP) employees provide to prospective employers and/or veterans about hiring opportunities?

The President has passed under The American Jobs Act, the “Returning Heroes” hiring tax credit for veterans, which provides a tax credit of $5,600 for business that hire veterans who have been unemployed for six months or longer.  The tax credit is increased to $9,600 when businesses hire veterans with a service-connected disability.  The Returning Heroes tax credit is encouraging businesses to help America’s heroes find employment.

Providing a tax credit incentive for businesses to employee veterans will help encourage hiring and make it easier for America’s heroes to find jobs when they return home.

For more information, refer to the White House’s Press Release here and here.




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