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Businesses Hiring Jobless Veterans Get Tax Breaks Under New Plan

In another push to help reduce veteran unemployment, bipartisan legislation being heard in the Senate this week would provide a tax credit for businesses that hire veterans. It’s called the “Returning Heroes” tax credit, according to The Hill, and would give companies a $2,400 credit for hiring a jobless veteran who’s been unemployed for at least 30 days. If that vet has been out of work six months or longer, the tax credit gets boosted to $4,800 (read more).