Tuesday, February 06, 2007

Hiring Vets Saves Businesses

The New Year is always a good time to begin new policies and procedures. This year is no different -- especially for Illinois veterans wanting jobs and Illinois businesses wanting to hire them.

The State of Illinois is using a new business tax incentive. The objective is to promote the hiring of qualified veterans of Armed Forces, the Armed Force reserves, or the Illinois National Guard on active duty in Operation Desert Storm, Operation Enduring Freedom, or Operation Iraqi Freedom.

According to
Military.com, employers can earn the new Veteran’s Tax Credit of 5 percent of total wages paid, up to a maximum of $600 annually, for wages paid to each veteran hired after January 1, 2007. The veteran must work at least 185 days during the tax year for the employer to qualify.

Hire a vet!

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