Work Opportunity Credit (redirected from Work Opportunity Credits)

Work Opportunity Credit

A tax credit a business owner was able to receive in 2009 and 2010 for hiring an unemployed or semi-employed veteran or young person. To be eligible for the credit, the veteran must have been discharged sometime in the five years previous to hiring and must have been on unemployment insurance for at least four weeks in the year prior to hiring. Likewise, a youth must have been between 16 and 24, a high school dropout without a GED and either unemployed or employed at a job in which he/she earned less than he/she would have working for minimum wage for 30 hours a week.