THE BLOG

New Tax Incentives for Employers: Are they Enough?

05/30/2010 05:12 am ET | Updated May 25, 2011

Recent data from the Department of Labor indicates that unemployment remains a problem. As of February, the national unemployment rate was 9.7%. This rate is down from the 2009 high of 10.1% in October but not dropping as quickly as hoped.

As part of efforts to boost the numbers of Americans with jobs, two new tax benefits are now available to employers hiring workers who were previously unemployed or only working part time. These provisions are part of the Hiring Incentives to Restore Employment (HIRE) Act signed into law by President Obama this month.

WalletPop's writer Kelly Phillips Erb provides a complete breakdown of this act as well as the possible effects on employers. The main question is whether this is enough -- are more tax incentives necessary to encourage employers to retain and/or hire more workers? Find out more at Walletpop.com.

There's also an informative video about general tax information for those scrambling with last minute filing. I encourage you to check it out!