Did you know that when you hire and train a service-disabled Veteran, you may qualify for tax credits and incentives? Shared by the U.S. Department of Veterans Affairs website, the article’s content regarding the Special Employer Incentives (SEI) program will help you learn how the SEI could be beneficial to you if you are interested in hiring a Veteran for your business.
Special Employer Incentives for Hiring Veterans
The Special Employer Incentives (SEI) program provides assistance to employers who hire Veterans. The SEI program connects qualified Veterans with a specific role at your organization. Veterans who successfully complete the hiring program are expected to stay on at your organization. With this program, you can hire a qualified trainee at an apprenticeship wage.
Employers are reimbursed for up to half the Veteran’s salary to cover certain supplies and equipment, additional instruction expenses, and any loss of production. (Read more in the Special Employer Incentive Fact Sheet.)
Veterans Economic Communities Initiative
The Veterans Economic Communities Initiative increases the number of education and employment opportunities for Veterans and their families through a network of support at the community level. Economic liaisons in certain communities work with government leaders, businesses, education institutions, and nonprofit organizations to help build an integrated network of support and resources for Veterans and their families. Read more about this initiative and find out where the economic liaisons are located and how to contact them.
Get Involved
- Identify specific tasks that will be accomplished by the new employee.
- Indicate the length of time it should take the employee to accomplish each task.
- Specify the wage the employee will be earning.
- Complete the following forms:
- VA Form 22-8794, Designation of Certifying Officials
- VA Form 20-8206, Veterans Administration Statement of Assurance of Compliance with Equal Opportunity Laws
- VA Form 28-1904, Agreement to Train On The Job Veteran
- VA Form 28-1905c, Monthly Record of Training and Wages
- VA Form 28-1905m, Request for Supplies
VA specialists will help you through the process by identifying suitable Veterans, assisting with completing the forms, and coordinating efforts between you and Veterans.
Resources
- Work Opportunity Tax Credit (WOTC) may be earned by employers who hire Veterans. Benefits range from $1,200 to $9,600, depending on the person hired. (Read more in the fact sheet, Hire Veterans, Earn Tax Credits for Your Business.)
- CareerOneStop’s business center is another resource to help you hire, train, and retain a strong workforce.
By hiring a veteran to fill a position in your company, not only are you gaining an employee and helping employ a veteran, but you may receive a financial bonus for doing so. You can learn more about the incentives and tax credits that may be available to you by calling 1-800-827-1000 or by visiting your nearest VA regional office.
