Estimated to launch in December, the Veteran Career Center job portal’s mission is to connect veterans to a successful civilian career where they can continue putting their talents into practice. Veterans will be able to search through tens of thousands of jobs. This platform is designed to assist veterans who have recently been discharged who may have difficulties finding a job. American companies that hire veterans will benefit from several qualifications they have acquired during their years of service.
Some of the most valued and demanded skills are:
- Quick learning
- Critical thinking
In addition to these great qualifications, your company can receive up to $9,600 in tax credit. The Work Opportunity Tax Credit is a federal program from the U.S. government to incentivize more job opportunities for groups that could have difficulties being employed. One of the target groups for this program is veterans. When hiring a qualified WOTC veteran, your company is eligible to receive a tax credit for up to $9,600 per new hire. This can greatly benefit the companies’ tax liability.
Below you can see the criteria to consider a veteran as WOTC qualified:
- Unemployed for a total period of at least 4 weeks (whether or not consecutive), but less than 6 months in the one-year period ending on the hiring date. Tax credit amount: $2,400.
- Unemployed for a total period of at least 6 months (whether or not consecutive) in the one-year period ending on the hiring date. Tax credit amount: $5,600.
- A disabled veteran entitled to compensation for a service-connected disability hired not more than one year after being discharged or released from active duty in the U.S. Armed Forces. Tax credit amount: $4,800.
- A disabled veteran entitled to compensation for a service-connected disability who is unemployed for a total period of at least six months (whether or not consecutive) in the one-year period ending on the hiring date. Tax credit amount: $9,600.
- A member of a family receiving assistance under the Supplemental Nutrition Assistance Program (SNAP) (food stamps) for at least 3 months during the first 15 months of employment. Tax credit amount: $2,400.