Hiring unemployed veterans - B&O tax and PUT credit

Available to:

All Washington employers.

Qualifying activity:

Employ a qualified employee for a full-time position located in Washington for at least two consecutive full calendar quarters on or after October 1, 2016 and before June 30, 2022.

Credit amount:

Individual cap - 20% of the wages and benefits paid to the qualified employee not to exceed $1,500 for that employee
Statewide cap - $500,000 per fiscal year
There is no cap for the business claiming the credit aside from the caps noted above

Reporting/documentation:

Credits are claimed electronically through your tax filing account in My DOR
You may claim a credit, if the qualified employee has been employed by you for at least two consecutive full calendar quarters
Annual Tax Performance Report required by May 31st of the following year
Electronic filing of all documents required

Credits may be earned through June 30, 2022

No credits may be claimed after June 30, 2023

For questions about the credit, call Taxpayer Account Administration at 360-705-6214.