STATE HIRING CREDITS
HELPING PUT AMERICA BACK TO WORK
A number of states offer various hiring credits that are similar to federal incentives such as the Work Opportunity Tax Credit and the Empowerment Zone Tax Credit that focus on job creation and making American businesses more competitive.
The tax credit amounts and the type of tax the credits offset vary by state, but here are a few examples from around the country:
Businesses in certain designated geographic areas can claim up to $73,500 in tax credits per eligible employee over a five-year period to offset income tax liability.
Many states offer similar employment and hiring tax credit incentives that can provide a significant advantage to your company’s bottom line. alliantgroup’s team of tax experts can evaluate your company’s qualifications for any available tax incentives and help you traverse the sometimes complex process of identifying, documenting and quantifying the benefits for your eligible employees.
For immediate assistance, please contact Rizwan Virani.
For more information on the State Hiring Credits, Please complete the form below to contact AlliantGroup