Tax credit results vary from company to company based on a variety of factors i.e. wages paid, hours worked, qualifying programs, retention, etc.
On average, hourly hiring companies can expect 20% to 30% of hires qualify for one or more tax credits (hiring Veterans can increase qualification rates substantially).
SMB – A company hiring 100 hourly employees annually, on average 25 hires will qualify for a tax credit. Of the 25 hires qualified 20 will be certified. Typically the calculated tax credit value (based on wages / hours) will be $1,500 to $3,000 per individual. Annual tax credits range between $15,000 and $50,000.
Large Company – Hiring 1,000 hourly employees annually can expect $150,000 to $500,000 in tax credits.
Enterprise Companies – Hiring 10,000 hourly employees annually can expect millions of dollars in tax credits.