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Federal Tax Credit
HIRING INCENTIVES TO RESTORE
EMPLOYMENT ACT (HIRE)

 

Employers may qualify for two tax breaks when they hire someone who has not worked for more than 40 hours in the past 60 days.  Here is how it works:

6.2 percent payroll tax exemption
You may be exempt from your 6.2 percent share of social security tax on wages paid to qualified employees.

Tax credit up to $1,000 per worker
You may claim an additional credit up to $1,000 for each qualified employee you keep as an employee for at least a  year and whose wages are not significantly reduced in the second half of the year.
TAX FORM:
W-11 Employee Affidavit
 
FREQUENTLY ASKED QUESTIONS ON THE HIRE ACT
 
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