Tax Credits Available For Hiring Unemployed Vets

The Veterans Opportunity to Work (VOW) to Hire Heroes Act of 2011 provides tax incentives when qualifying unemployed veterans are hired and begin work between Nov. 22, 2011 and Dec. 31, 2012.

The VOW Act provides tax credits of up to $2,400 for employers who hire veterans who have been unemployed at least four weeks; up to $5,600 for hiring veterans who have been unemployed longer than six months; and up to $9,600 for businesses that hire veterans who have service-connected disabilities and have been unemployed longer than six months.

State workforce agencies will certify veterans as meeting the required periods of unemployment based on receipt of unemployment insurance compensation.

Learn more about VOW at veterans.house.gov/vow.