 The Illinois Department of Employment Security announced the tax
credit total on Tuesday. The agency says more than 27,000 Illinois
workers were hired under the Work Opportunity Tax Credit program
last year.Most of the tax credit involved businesses hiring
people receiving state financial assistance. Other qualifying
categories of workers include some ex-felons, residents of renewal
zones, people with disabilities and teenagers seeking summer jobs.
Employers will claim the federal tax credits on their returns
using IRS Form 5884.
The Illinois employment agency has information on how businesses
can apply for the tax credit on its website.
[Associated Press]
Copyright 2012 The Associated Press. All rights reserved. This
material may not be published, broadcast, rewritten or
redistributed. |
