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Hiring Incentives to Restore Employment (HIRE) Act Basics

The Hiring Incentive to Restore Employment Act (HIRE Act), also referred to as the Jobs Bill, provides tax credits to businesses that hire unemployed workers. The bill grants employers an exemption for their Social Security (FICA) payroll contribution for every new employee hired after February 3, 2010, and before January 1, 2011.

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TAGS: Employment Incentives, HIRE Act, Social Security Tax

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