New tax breaks for employers that hire unemployed veterans

Ted Land reports

There's a new perk in Washington State for companies that hire unemployed veterans -- a tax break. The benefit is meant to encourage business owners to hire vets who sometimes have difficulty applying military skills in the workplace.

“They may need a little bit of extra training to make that transition, but once they make that transition they make great employees,” said Alice Stevenson, co-owner of Geeks at Site, a small computer repair business in Federal Way.

The company has prioritized applicants with military experience, yet veterans still have a higher unemployment rate than the national average. Washington is hoping to change that.

The new tax incentive can give business owners up to $1,500 in tax credits per veteran hire. To qualify, the veteran must have been honorably discharged, unemployed for more than 30 days and hired into a full-time position held for at least six months.

The tax credit program took effect Oct. 1.

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Copyright 2016 KING


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