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Hiring Incentives to Restore Employment HIRE Act Form

Hiring Incentives to Restore Employment HIRE Act Form

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if you've been thinking about hiring new employees in the coming weeks here's some information that might help you with your decision on March 18 2010 President Obama signed the higher Act into law the centerpiece of the higher Act is a 13 billion dollar set of tax breaks for private sector businesses to boost hiring of unemployed workers in 2010 this portion of the higher act is known as the higher now tax cut and it combines payroll forgiveness for Social Security taxes paid by employers along with a tax credit to employers for keeping new hires on the payroll for at least fifty two consecutive weeks these benefits are only available to qualified employers that hire qualified employees in order to be a qualified employer the employer must hire a previously unemployed individual that was unemployed for at least 60 days before his or her start day in addition the qualified employer must also continue the employment of new hires for at least 52 weeks to be eligible for t

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