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New York State
Department of Labor

Andrew M. Cuomo, Governor Peter M. Rivera, Commissioner

WHAT You Mean I Get a Tax Credit if I Hire YOU

Using the HIRE Act to Land Your Next Job

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Albany, NY (August 24, 2010) -

Does your job search need a shot in the arm?

In your next interview, plan on letting your future employers know you bring something extra to the job - a tax break!

State Labor Commissioner Colleen C. Gardner is reminding businesses and job seekers to take advantage of the federal government's Hiring Incentives to Restore Employment (HIRE) Act before it expires at the end of the year.

"I urge any job seeker, who is going on interviews and looking to stand out from the crowd, to print out a HIRE Act form from the Labor Department website and present it to a prospective employer," said Commissioner Gardner. "It could be the incentive a company needs to hire you over someone else."

It's the boost that some companies, who may have been on the fence about hiring, have used the program to start hiring again.

And it could be the boost that ensures that you are the one they hire!

Under the HIRE Act, businesses who hire New Yorkers out of work for 60 days or more this year (after Feb. 3, 2010 and before Jan. 1, 2011) may qualify for a 6.2 percent payroll tax incentive. In addition, for each worker retained for at least a year, businesses may claim an additional tax credit up to $1,000 if they keep that individual on the payroll for 52 weeks.

That's real money.

You can find a HIRE Act form at the Labor Department's website.

Businesses can take advantage of the Labor Department's online HIRE Act calculator too. 

Just enter the employee's annual salary for 2010, choose the month they were hired, and click "Calculate." The HIRE Act calculator will let you know the employee's salary for the rest of the year, the maximum tax credit the employer can receive, and the maximum bonus retention credit for 2011.  

It's that easy - Good Luck!



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