Homeless Hiring Tax Credit January 2022 Tax News

Get your reservation!

The Homeless Hiring Tax Credit is a new credit for taxpayers who hire people that have received certification they are experiencing homelessness, or receiving supportive homeless services.

The amount of credit per eligible employee is up to $10,000 in a taxable year, depending on the number of hours the employee works in the year. Each employer can claim up to $30,000 in credit for each taxable year.

Employers are required to get a tentative credit reservation from us within 30 days of fulfilling their New Hire Reporting requirements with the California Employment Development Department. Our webpage will have a link to get the reservation beginning January 4.

For more information on the credit, and the link to the reservation system, go to our Homeless Hiring Tax Credit on our homepage.