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Federal Empowerment Zone Employment Credit retroactively renewed and extended

Federal Empowerment Zone Employment Credit retroactively renewed and extended

Dec 20, 2019 by Allison Hollin

The federal Empowerment Zone Employment Credit has been retroactively renewed and extended through the end of 2020. This corporate income tax credit for employers located in certain federally designated zones can yield up to $3,000 in credit per qualified employee annually and had last sunset at the end of 2017.

For more information on how these changes could benefit your business, please contact your Silverlode Tax Consultant or contact@silverlodeconsulting.com.