Paul Demers
Supportive Member
This is a tax credit for business’s that employ a worker from certain economic disadvantaged groups. The credit is 40 percent of first year wages up to $6.000…. thus a maximum credit of $2,400. A new employee who is a member of a family that received welfare or even just food stamps qualifies.
While we might not want to hire welfare “bums” to work for us, …a family of 3 with a monthly income of $1,905 per month qualifies for food stamps. So I am thinking there may be a large pool of hard-working, low-skilled labor available that meet the requirements of this program.
This is a pretty good sized tax credit IMO.... and might be worth looking for qualified candidate when hiring.
What do you guys think? Anyone here ever taken this tax credit?
Here is the form that need to be completed:
http://www.doleta.gov/business/Incentiv ... ne2007.pdf
And I guess you mail this completed form to the office in each State shown here:
http://www.doleta.gov/business/Incentiv ... ry6-08.pdf
Here is link to full program info, including different types of disadvantaged groups that qualify:
http://www.doleta.gov/business/Incentives/opptax/
While we might not want to hire welfare “bums” to work for us, …a family of 3 with a monthly income of $1,905 per month qualifies for food stamps. So I am thinking there may be a large pool of hard-working, low-skilled labor available that meet the requirements of this program.
This is a pretty good sized tax credit IMO.... and might be worth looking for qualified candidate when hiring.
What do you guys think? Anyone here ever taken this tax credit?
Here is the form that need to be completed:
http://www.doleta.gov/business/Incentiv ... ne2007.pdf
And I guess you mail this completed form to the office in each State shown here:
http://www.doleta.gov/business/Incentiv ... ry6-08.pdf
Here is link to full program info, including different types of disadvantaged groups that qualify:
http://www.doleta.gov/business/Incentives/opptax/
