There are several tax credits that companies can take advantage of by hiring W2 employees, including:
Overall, hiring W2 employees can provide companies with a variety of tax credits, including the Work Opportunity Tax Credit, Empowerment Zone Employment Credit, Indian Employment Credit, Credit for Small Employer Health Insurance Premiums, Disabled Access Credit, Research and Development Tax Credit, Employer-provided childcare credit, Credit for Small Employer Health Insurance Premiums and of course the Employee Retention Credit. It’s important to note that tax laws and regulations can be complex and subject to change, so employers should consult with a tax professional or refer to the latest IRS guidelines to determine their eligibility for tax credits.