Employment Tax Credit

The Employment Tax Credit is a financial incentive offered by the government to encourage businesses to hire and retain employees, especially from specific groups, like veterans or long-term unemployed individuals. It allows employers to reduce their federal tax liability, meaning they pay less in taxes based on the number of eligible employees they hire. This credit helps lower the overall cost of hiring, making it more appealing for businesses to expand their workforce and contribute to economic growth while providing more opportunities for job seekers.