Work Opportunity Tax Credit – A Federal Tax Credit for Employers who Hire Veterans

A one-time federal tax credit is available to employers who hire new temporary, seasonal, part-time, and full-time employees from a qualified population of individuals including veterans (including a new subcategory of disabled veterans).  The veteran must be a person who has served on active duty in the U.S. Armed Forces for a period of more than 180 days, or was discharged or released from active duty for a service-connected disability, and a member of a family that received food stamps for a period of 3 months during the most recent 15 months ending on the hiring date.

Disabled Veterans are those who receive compensation for a service-connected disability and have a hiring date which is not more than one year after having been discharged or released from active duty in the Armed Forces of the United States; or have aggregate periods of unemployment during the one-year period ending on the hiring date equal to or exceeding six months. The amount of qualified wages for this group only is increased from $6,000 to $12,000.

For more information visit the Department of Labor, Licensing and Regulation website.  

For speak with someone contact the Department of Labor, Licensing and Regulation, Tax Credit Program Administrator, Belinda Duncan at 410-767-2047

Source: Maryland Department of Labor, Licensing and Regulation