December 27, 2024

Understanding the Federal Empowerment Zone Credit

The Empowerment Zone Employment Credit is a federal tax incentive designed to encourage businesses to operate in economically distressed or disadvantage areas and to hire residents of these areas. Under the Empowerment Zone Employment Credit, an employer may claim a 20% credit (up to $3,000) on up to the first $15,000 of wages paid to…

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