Veterans and small businesses

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e-News for Small Business November 19, 2024

Tax Resources for Small Business

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Issue Number:  2024-23

The latest IRS information for veteran small business owners

This month, the IRS highlights support for veterans. This special edition includes information and resources to help veterans understand and meet their unique tax needs.


* *Tax tip*
* Help for military members and veterans [ [link removed] ]: Whether they have a simple or complex tax situation, the IRS provides information to make filing taxes easier to understand for those sacrificing so much for our country.
* Military spouses and entrepreneurs [ [link removed] ]: Find tax resources, tools and information available for military spouses who run business.


* *Small business resources and alerts*
* Work Opportunity Tax Credit [ [link removed] ] - Learn about this federal tax credit that allows employers who hire people from certain groups to reduce the tax they owe.
* Veterans’ organizations [ [link removed] ] - Review Internal Revenue Code section 501(c) to learn about the tax exemptions for organizations that benefit veterans of the U.S. Armed Forces.
* Veterans, beware of scammers [ [link removed] ] - Veterans and retired military: Watch out for scammers trying to claw their way to VA benefits.


* *IRS social media*
Follow @IRSsmallbiz [ [link removed] ] on X for the latest tax news and guidance for small business owners.


* *More information*
* Tax exclusion for veterans education benefits [ [link removed] ]
* Taxable and Nontaxable Income, Publication 525 [ [link removed] ]
* VSAFE [ [link removed] ]

 

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