Employer Tax Credit for Hiring
Employer Tax Credit for Hiring Veterans: Up to $5,000 per Hire
Illinois employers can earn a state income tax credit of up to $5,000 annually for hiring qualifying unemployed veterans of Operation Enduring Freedom or Operation Iraqi Freedom…
Details
Illinois employers can earn a state income tax credit of up to $5,000 annually for hiring qualifying unemployed veterans of Operation Enduring Freedom or Operation Iraqi Freedom (20% of wages paid, up to $5,000). Hiring veterans of Operation Desert Storm, OEF, or OIF at the standard rate qualifies for up to $1,200 (10% of wages). This makes veteran job seekers more attractive to employers.
Restrictions
Filed through the Illinois Department of Revenue. Employers contact IDOR's Business Hotline at 217-524-4772. Expiration dates vary by credit tier, verify current status before applying.
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