Tax Credit Benefit Calculator
Enterprise Zone (California State Income
Tax Credits) and Empowerment Zone (Federal
Income Tax Credits) financial incentives can be worth many
thousands of dollars every year for your business - and they
are easy to use. These credits are not just tax deductions
- they are direct reductions of your income tax liability.
Many companies pay little or no State Income Tax by using
these credits.
Both the Enterprise Zone and Empowerment Zone offer several
financial incentives including Tax Credits for newly hired
employees. Empowerment Zone Hiring Credits provide up to $3,000
per year for each qualified employee. Enterprise Zone Hiring
Credits provide up to $30,000 for each qualified employee
over a five year period. This benefit calculator will show
you approximately how much you will save with just the Enterprise
Zone Hiring Credits. Call our office (760-360-8200) for answers
on how much you can save with all the other tax credit programs.
Calculate your savings from Enterprise Zone Hiring
Credits
Savings are approximate and are based on an average of 60%
of newly hired employees qualifying for benefits, and with
an average hourly wage of $8.50. Call Desert Pacific Properties
(760-360-8200) for a free tax credit analysis to determine
your actual savings from all the available financial incentives.
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