Empowerment zone
Empowerment Zone Tax Credit
The Empowerment Zone Tax Credit is a federal tax credit designed to encourage businesses to hire and retain employees in designated Empowerment Zones, which are economically distressed areas identified by the government to promote economic growth.
How much is the credit?
Employers can receive tax credits of up to $3,000 per qualified employee, per year.
What are the eligibility requirements?
To qualify, businesses must be located in an Empowerment Zone and qualified employees must live and work in the same zone.
Don’t miss out
Retroactive claims for the Empowerment Zone credit can be made by filing amended tax returns for up to three prior tax years.
How can we help?
We help identify qualified employees and compute your eligible credit in compliance with Federal requirements.
Let’s Get in Touch
Contact details
R&D Incentives Group
725 S. Figueroa Street, Suite 2250
Los Angeles, CA 90017