Driving School Cost

Discussion in 'PAM' started by johnny2shoes, Aug 14, 2011.

  1. THE ROAD VIRUS

    THE ROAD VIRUS Light Load Member

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    Jan 17, 2010
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    1000 dollar tax credit if the new hire lasts a year. and was only good for 2010 hires. As per IRS.GOV:

    Employers who hire unemployed workers this year (after Feb. 3, 2010 and before Jan. 1, 2011) may qualify for a 6.2-percent payroll tax incentive, in effect exempting them from their share of Social Security taxes on wages paid to these workers after March 18, 2010. This reduced tax withholding will have no effect on the employee’s future Social Security benefits, and employers would still need to withhold the employee’s 6.2-percent share of Social Security taxes, as well as income taxes. The employer and employee’s shares of Medicare taxes would also still apply to these wages.

    In addition, for each worker retained for at least a year, businesses may claim an additional general business tax credit, up to $1,000 per worker, when they file their 2011 income tax returns.
     
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