Veterans Get Jobs, Employers Get Tax Credits
The American Recovery and Reinvestment Act Stimulates Jobs for Veterans
Attention Veterans and Employers! The American Recovery and Reinvestment Act, enacted in February of 2009, offers $4,800 to an employer for hiring a qualified veteran. That’s right, there is now a major tax incentive to hire a veteran. Why wait, get on board.
In fact, HireVeterans.com, a major job board for U.S. Veterans, and CCG IncentivPro has made it easy. The tax incentive program for hiring U.S. Veteran’s has been made easy with IncentivPro. The CCG IncentivPro System will:
• Pre-Screen & Qualify Employees
• Process & Manage Credit Filing
• Ensure Receipt of Cash Credits
Are you missing out on free money?
CCG is committed to “put into place” the best hiring incentives program so you can maximize incentives with the least amount of effort required from you, the employer. So find out how to get on this program now. Just fill out the information request form below and CCG will contact you and get you the info ASAP so that you can max out your credit and put our Veterans to work.
Tax Credit for Hiring Veterans
On Feb. 13, 2009, Congress passed the American Recovery and Reinvestment Act of 2009 at the urging of President Obama, who signed it into law four days later. A direct response to the economic crisis, the Recovery Act has three immediate goals:
- Create new jobs and save existing ones
- Spur economic activity and invest in long-term growth
- Foster unprecedented levels of accountability and transparency in government spending
The Recovery Act intends to achieve those goals by:
- Providing $288 billion in tax cuts and benefits for millions of working families and businesses
- Increasing federal funds for education and health care as well as entitlement programs (such as extending unemployment benefits) by $224 billion
- Making $275 billion available for federal contracts, grants and loans
- Requiring recipients of Recovery funds to report quarterly on how they are using the money. All the data is posted on Recovery.gov so the public can track the Recovery funds.
In addition to offering financial aid directly to local school districts, expanding the Child Tax Credit, and underwriting a process to computerize health records to reduce medical errors and save on health care costs, the Recovery Act is targeted at infrastructure development and enhancement. For instance, the Act plans investment in the domestic renewable energy industry and the weatherizing of 75 percent of federal buildings as well as more than one million private homes around the country.
Construction and repair of roads and bridges as well as scientific research and the expansion of broadband and wireless service are also included among the many projects that the Recovery Act will fund.
While many of Recovery Act projects are focused more immediately on jumpstarting the economy, others, especially those involving infrastructure improvements, are expected to contribute to economic growth for many years.
- American Recovery & Reinvestment Act Home Page
- The Full PDF File of the Bill Passed on Feb. 13, 2010
- HireVeterans.com, Job Board for U.S. Veterans