Thinking of hiring new employees? The HIRE Act enacted on March 18, 2010 allows employers to be exempt from their share of social security taxes on wages paid from then until the end of the years as well as to take a tax credit of as much as $1,000 for each qualified employee retained for a year.
To find out the details of the HIRE Act and the claiming of these two tax benefits, please see the article, “The HIRE ACT: Obtain $1,000 + 6.2% of Wages for New Employees Hired“.
