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Services:
Pennsylvania Employment Incentive Payment (EIP) Tax Credit Program
The Pennsylvania Employment Incentive Payment (EIP) Tax
Credit is available to employers throughout the State of
Pennsylvania. This credit offsets Pennsylvania state
business taxes. It does not matter where in Pennsylvania
your operations are located or where your employees live.
Qualifications. Pennsylvania’s
EIP program is very similar to the federal WOTC program.
Your business qualifies for the EIP credits when you hire
persons within any of the program’s targeted groups. The
great news is you already hire eligible employees! Stop
missing out!
How much? During a three-year period
of employment, the EIP program provides for PA state tax
credit of up to $5,400 per each qualifying employee. First-year
credit equals 30% of the first $9,000 in wages for a maximum
first-year credit of $2,700 per employee. The credit percentage
declines to 20%, then 10%, during each of the next two
years of employment and then ends.
Find out more. Please give us a
call toll free at (888) 498-1114 or send an email to inquire@ZoneCentrix.com for more information. We will gladly answer your
questions and explain how to make it work for you.
Links
A Tax Credit for Pennsylvania Employers
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