Tax Credit Services

Geographic Based Credits

The federal government has designated certain economically depressed areas as tax advantage areas. If your business is located in one of these areas and you employ individuals living in the same area, you can earn credit against your federal tax liability.

Empowerment Zones (EZ)

• Up to $3,000 per qualified employee per year
• Credits renew every year
• Based on calendar year

In addition, the businesses located within the zone may be entitled to increased tax expensing of equipment purchases and tax incentives for environmental remediation.

Renewal Communities (RC)

• Established in 2000 by the Community Renewal Tax Relief Act
• Up to $1,500 per qualified employee per year
• Credits renew every year
• Based on calendar year

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