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Small Businesses to Get Tax Credits for Hiring Veterans as Part of President Obama's American Jobs Act

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Small Businesses to Get Tax Credits for Hiring Veterans as Part of President Obama's American Jobs Act

By NOsburn
Published: November 17, 2011 Updated: January 9, 2013

America’s small businesses got a big boost to hire veterans last night when Congress passed part of President Obama’s American Jobs Act proposal.  Specifically, small businesses will get:

  • Up to $5,600 for hiring unemployed veterans
  • Up to $9,600 for hiring unemployed service-disabled veterans

President Obama says he plans to sign the bill into law.  At the same time, he encouraged Congress to pass the rest his proposals in the American Jobs Act, which has a number of benefits for America’s small businesses, including cutting payroll taxes in half.

This is a great first step to help put people back to work, and we look forward to more of the American Jobs Act provisions being passed to help small businesses create jobs.

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Comments:

Hi, I enjoyed reading your articles. This is truly a great read for me. I have bookmarked it and I am looking forward to reading new articles. Please keep up the good articles!
Bookmarked! This is a really good idea and I can see a lot of small businesses using it. Up to $5,600 for hiring unemployed veterans
I applaud the President on this idea and I do think that all small businesses should take advantage of this policy and reap the rewards of the tax breaks.
Going to give these a go hopefully in lieu of a better future for us small business owners.
Well, while $2,000 per month may not seem like enough to feed and clothe someone, let alone capitalize a venture, serious young entrepreneurs will make it happen — as they always have — by sleeping on couches, eating ramen noodles and working 25 hours a day to get their businesses off the ground. And I think if the American Jobs Act can help facilitate this process for the upcoming generation of entrepreneurs who may be poised to relieve the seemingly incurable unemployment epidemic affecting young and old alike throughout the nation...

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