If you’re ready to take the next step and enter the civilian job market, it may have just become a little easier.
On November 21, 2011, President Barack Obama signed into law new veterans employment measures designed to get unemployed vets back to work and help recently separated military members make a successful transition to civilian life.
The legislation is the combination of Republican- and Democrat-backed job proposals, which passed through Congress earlier this month.
The tax credits will go into effect immediately, giving employers a financial incentive to hire applicants with military experience. Here’s how the tax credits break down:
•Veterans out of work at least one month: up to $2,400
•Veterans out of work at least six months: up to $5,600
•Disabled vets looking for work: up to $4,800
•Disabled vets out of work at least six months: up to $9,600
Many of the additions, including an extra year’s worth of GI Bill benefits for 100,000 unemployed veterans, new unemployment benefits for disabled veterans and a revamp of the military’s transition assistance program could take months to implement.
In August, White House officials estimated that the tax credits alone could help create more than 25,000 jobs for veterans in the next few years.
Members of both the U.S. House of Representatives and the U.S. Senate are continuing their efforts towards addressing the root of the unemployment issues, and working towards long-term solutions to keep veterans working.
Photo thanks to limaoscarjuliet under creative commons license on Flickr.