1. The credit is against employer’s share of social security tax.
2. The credit can be as high as $9600 per qualified veteran.
3. The amount of credit depends on how long the veteran had been unemployed before hiring, number of hours working and his first year wages.
4. Employer has to fill out form 8850 for Pre-Screening Notice and Certification Request to secure a certification 28 days after hiring the eligible veteran.