Employment Tax Credits

Employment Tax Credits are government incentives that reduce the amount of payroll taxes a business owes. They are designed to encourage hiring, especially of specific groups like veterans, individuals from certain economic backgrounds, or in specific areas. By offering these credits, the government helps lower employment costs for companies, making it more affordable to create jobs. Essentially, these credits can decrease your overall payroll tax bill, providing financial support for employers who meet certain criteria, and helping to promote employment growth and economic development.