HR Screening Services

Tax Credit Process

HR Screening Services secures employment based tax credits for our clients from programs on the Federal, State and Local levels. Our results have shown that, depending on industry, between 10% and 25% of most companies new hires would qualify for an employment based tax credit.

There are two main types of employment tax credits:

Targeted Group credits -These are credits where a company would receive a credit for hiring someone from a certain group. Some examples would be:

  • Receive a tax credit of up to $2400 for hiring someone under the age of 40 receiving food stamps (Note: 15% of the general population currently receives food stamps).
  • Receive a tax credit of up to $9000 for hiring an individual receiving long term general assistance.
  • Receive a tax credit of up to $9600 for hiring an unemployed veteran with a service-connected disability.

Location based credits - These are credits where a company would receive a credit for hiring someone from a certain area. Some examples would be:

  • Receive a tax credit of up to $2400 for hiring someone under the age of 40 living in a Rural Renewal County (Note: There are 408 counties covering 32 States that qualify as Rural Renewal Counties).
  • Receive a tax credit of up to $3,000 annually for employing someone from an empowerment zone. (Note: There are 80 urban and rural areas that qualify for these designations).
  • Receive a tax credit of up to $4,000 annually for employing someone from an Indian reservation if the individual or spouse is member of a tribe.

HR Screening Services' Bottom Line

  • We search all employment based programs maximizing your possible return and we handle all of the paperwork and research on your behalf.
  • Clients have a choice between our state of the art proprietary on-line system or paper based system.
  • No upfront fees. No hidden charges. We only charge you a percentage of the bottom line tax credits or incentives that we secure.

Questions?

If you have any questions or would like more information about our services, contact us at 800-261-6268 or complete our online form here.

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