Hiring Summer Help Can Cut Your Taxes

If you hire qualified employees age 16 or 17 for the summer, you may also benefit from a credit equal to 25 percent of the first $3,000 of wages (maximum credit of $750 per qualified worker).

Here are the requirements to qualify for the credit:

• Must perform work for the employer between May 1^st and September 15^th
• Must be between the ages of 16 and 17 on the hiring date (or by May 1^st of the year involved)
• Has not worked for the employer before
• Lives within a Federal Empowerment Zone or Enterprise Community