The poor jobs creation number earlier this month has spurred the introduction of bills in Congress that would incentivize hiring. The Jobs! Jobs! Jobs! Act of 2015 would reintroduce the Making Work Pay tax credit that had applied in 2009 and 2010 (H.R. 3555). The Small Business Relief and Job Creation Act of 2015 would allow small business employers to claim a work opportunity tax credit for hiring unemployed individuals as full-time employees during 2016 or 2017, with double the credit amount in areas with high unemployment (H.R. 3574). GovTrack.us gives zero chance of passage.
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Attention small business owners … the new 2016 edition of my book, J. K. Lasser’s Small Business Taxes, is available NOW on Amazon! Don’t wait – get the help you need now for preparing your 2015 tax return.
