New Tax Credit for Hiring Veterans: Is It Helping?

March 14, 2012 |

There’s been a lot of fanfare about the new tax credit for businesses who are hiring veterans (worth up to $9,600), but is it making a positive difference in veteran hiring? Some early evidence from the Star-Ledger in New Jersey suggests that it might be. At a recent job fair in Newark, numerous veterans were interviewed, and many cited the VOW to Hire Heroes Act of 2011, which was signed last November and included the new tax credit program, as helping them get more attention from prospective employers.

Army veteran Sharon Strand said in her interview, “For years I didn’t really talk about my time in the service. I didn’t realize the relevance of it, but now it has its advantages… A woman from a law firm called me for an interview this Friday and she wanted to make sure I had been in the military… I’m excited. I’m going to bring my dog tags and DD-214 form with me.”

Other job seekers such as National Guard veteran Farhaj Hassan have noted that conversations with employers have changed since institution the tax credit, with one employer calling him a “walking lottery ticket.”

What’s your take on the new tax credit? Has it been mentioned by employers who talk to you during your job search? Sound off in the Comments section below.

About Ho Lin

Ho Lin is an editor at Military.com. His interests include naval history, the New York football Giants, and loud rock music.

Comments

  1. LINES says:

    WHAT I THINK ABOUT THIS VETERAN TAX CREDIT
    IT'S A GOVERNMENT RIP OFF.
    AS IN A EMPLOYER HIRE A VETERAN JUST FOR THE CREDIT AND THEN FINDS A WAY TO TERMINATE THE VETERAN.
    WHAT HAPPEN TO EMPLOYERS HIRING VETERANS AND GETS A TAX BREAK, DURING THE EMPLOYMENT.

    • kelly says:

      the employer only gets a tax break after paying you 14k, so they wouldn't pay all that money just to fire you.