Employers and some nonprofits that hire veterans can get tax credits through the Work Opportunity Tax Credit (WOTC). It cuts your tax bill by up to 40% of the wages paid, which can save you a lot of money. If you hire a vet and are an eligible employer, you may be able to use up to $24,000 in qualified wages to qualify for a WOTC of $9,600. You can claim it for wages paid until Dec. 31, 2025. After that, it will be gone forever.
