Deadline approaching for youth employment tax credit applications

Published 11:07 am Wednesday, April 13, 2022

BATON ROUGE – Louisiana employers have until April 30 to apply for the 2022 Louisiana Youth Jobs Tax Credit Program, which provides incentives for companies to hire unemployed young people from economically challenged backgrounds.

 

The program aims to help young people gain the critical workforce skills needed for successful careers. It provides a tax credit of $1,250 for hiring an eligible youth for a full-time position, or $750 for part-time hires. Eligible employees are Louisiana residents ages 16 through 23 who were unemployed prior to being hired by the business applying for the tax credit.

 

The tax credit program encourages businesses to hire young people facing challenges such as homelessness, single parenthood or re-entry following incarceration. It also applies to companies hiring veterans, young people living in foster care and others who need support joining the workforce.

 

More information is available at www.revenue.louisiana.gov/YouthJobsCredit.