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Work Opportunity Tax Credit - Podcast text script

HI…I’M THERESA…AND I WORK FOR THE INTERNAL REVENUE SERVICE.
    
DID YOU KNOW THAT IF YOU HIRED A U-S VETERAN…YOU MAY BE ELIGIBLE FOR A SPECIAL TAX CREDIT?

THAT’S RIGHT.
    
BOTH BUSINESSES AND TAX-EXEMPT EMPLOYERS THAT HIRE QUALIFIED VETERANS WHO BEGIN WORK BEFORE THE END OF 2012…CAN RECEIVE IT.
    
BUSINESSES MAY BE ENTITLED TO A CREDIT AS HIGH AS NINE-THOUSAND-SIX-HUNDRED DOLLARS.
    
AND QUALIFIED TAX-EXEMPT ORGANIZATIONS…AS HIGH AS SIX-THOUSAND-240 DOLLARS.
    
THE AMOUNT OF THE CREDIT DEPENDS ON A NUMBER OF FACTORS… INCLUDING HOW LONG THE VETERAN WAS UNEMPLOYED BEFORE BEING HIRED…HOW MANY HOURS THE VETERAN IS WORKING AND HOW MUCH THE WAGES ARE DURING THE FIRST-YEAR.
    
SO IF YOU HIRED A VETERAN RECENTLY OR HAVE THE OPPORTUNITY TO DO SO IN 2012…GO TO I-R-S-DOT-GOV AND TYPE …W-O-T-C IN THE SEARCH FIELD.
          
FOR MORE INFORMATION…GO I-R-S-DOT-GOV

Page Last Reviewed or Updated: 26-Apr-2013