Senate to Vote on Tax Breaks for Businesses Who Hire Unemployed Veterans

The House passed a federal measure to help unemployed veterans find jobs. The new tax law bill is scheduled for a test vote in the Senate on Monday.

The bill would give employers a $5,600 tax credit for hiring a veteran who has been unemployed for more than six months or more. The bill would also provide a $9,600 tax break if a company hires a disabled veteran. The unemployment rate for veterans averages about 12.1 percent, well above the 9 percent employment rate for civilians.

Small businesses and corporations have a number of tax credits available to them and a tax attorney can outline which ones they are eligible for.

President Obama has been pushing this measure in order to alleviate the high unemployment which plagues the country. The House passed the measure last month with little opposition. However, it is difficult to determine if the Senate will pass the bill as many Democrats have concerns over how they are going to pay for the tax credits. It is expected to gain Republican support because it doesn’t call for a tax hike on millionaires.

The President has previously proposed tax hikes in order the help create jobs, but has met with much resistance.

Any business having trouble understanding the complex tax code can benefit from the knowledge of a tax lawyer. In addition to helping people understand the laws, a tax attorney can also be retained to help a person deal with any criminal charges related to tax evasion or delinquent tax payments.