The 2010 Hiring Incentives to Restore Employment (HIRE) Act was signed into law by President Obama on March 18, 2010 to encourage employers to hire new employees, this Act exempts qualified employers, including nonprofits, from paying the employer’s share of the social security employment taxes. The exemption is for the nonprofit’s share of Social Security taxes on wages paid to these workers after March 18, 2010.
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Published In:
Business Organization Updates, Labor & Employment Law Updates, Tax Law Updates
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