NY Employers Can Claim Tax Credit for Hiring Unemployed Vets

The latest tax credit will provide employers with a break for hiring unemployed veterans beginning Jan. 1

Monday, Nov 11, 2013  |  Updated 4:47 PM EDT
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NY Job Credit for Vets to Begin for Employers

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New York employers will soon be able to claim a new tax credit when they hire a veteran who served after the 9/11 terror attacks.

More benefits are expected to be announced during an upcoming "veterans summit" to help veterans returning from Iraq and Afghanistan. The unemployment rate among the veterans is more than 10 percent. That's higher than the statewide average, which stood at 7.6 percent in August.

The latest tax credit will provide employers with a break for hiring unemployed veterans beginning Jan. 1. More information is available through veterans' organizations and the state's Division of Veterans Affairs.

The Veterans and Military Families Summit will be held in early December.

Cuomo says Monday the meeting in Albany will provide new ways to serve veterans and their families.

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