Are there any special tax credits available for businesses that employ disabled workers?

Yes, businesses in Virginia that employ disabled workers may be eligible for special tax credits. The Virginia Department of Taxation offers two credits: the Employment of Disabled Workers Tax Credit and the Small Business Tax Credit. The Employment of Disabled Workers Tax Credit is available to businesses that employ a certain number of disabled workers and meet certain criteria. To qualify, the business must have a certain number of disabled employees or a certain percentage of disabled employees in comparison to their total number of employees. Additionally, these employees must have a disability consistent with the definition provided by the State Board of Elections and be employed for at least one year. To claim the credit, the employer must provide documentation to the Virginia Department of Taxation and receive approval. The Small Business Tax Credit is available to businesses with 100 or fewer full-time employees, who employ and pay at least 50 percent of their total payroll to disabled workers. To qualify, the business must meet certain criteria, including maintaining an accurate record of disabled employees and their wages, filing a qualifying return, and providing a copy of the return to the Virginia Department of Taxation. Both credits are only applicable to the Virginia Income Tax and can be claimed by eligible businesses on their annual tax return.

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Are there any special tax credits available for businesses that employ disabled workers?

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