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This summer hiring youth makes tax credits easy.
Youth who begin work during 2009 or 2010 will be eligible to earn their
employers business tax credits in two ways.
(1)
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"Disconnected Youth" are your new hires ages 16 to 24 years of age
- regardless of home address - that meet the following criteria over
the past 6 months;
(a) not attending school more
than 10 hours/week
(b) not earning more than they could working more than 30 hours /week
at minimum wage
(c) not being in possession of a high school diploma or GED; unless
out-of-work and school for the last 6 months.
Over 1 year of work the employer may earn up to
$2,400 in tax credit for each youth hired and qualified under this WOTC
target group. |
(2) |
"Summer Youth" 16 to 18 year of age are defined as those hired May
1st to Sept. 15th who are confirmed residents of a Federal Zone as
defined by WOTC regulations. Each youth so qualified may earn their
employers tax credits up to $1,200 on gross wages paid over a maximum
period of 90 days.There are now 12 WOTC target groups including the 2 added with the ARRA
("Stimulus Package") on February 17th of 2009. The tax credits offered
for hiring youth are substantial; yet available only to those who
properly apply, document and claim them. |
Contact Mckenzie Chase Management for a free review to see if your
company might benefit from a tax credit program.
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