Welfare To Work Credit

Welfare To Work Credit

Welfare to Work Credit
A tax credit for employers who hire workers off welfare rolls.
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The panel also advised practitioners with business clients to be aware that recent tax legislation has extended expired 2005 legislation through 2006, including the Research Credit, the Work Opportunity Credit, and the Welfare to Work Credit.
The Welfare to Work Credit was extended through Dec.
Welfare to Work Credits offer businesses a credit of up to $3,500 (in the first year of employment) and $5,000 (in the second year) for each newly hired long-term welfare recipient.