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New Tax Break for Employers That Hire Unemployed Workers

On March 18, 2010, President Obama signed the Hiring Incentives to Restore Employment Act (“HIRE”), which provides a number of tax credits designed to stimulate employment, including one for business that hire unemployed workers.  Employers of a “qualified employee” are excused from paying the employer’s portion of Social Security taxes on that employee’s wages in 2010. [...]

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