Deadline Approaching: GA Tax Credit for Tele-Working

Georgia is among the first states in the nation to offer a tele-work tax credit for employers who set up, expand, and maintain tele-commuting programs for employees.     Georgia has allotted up to $2.5 million in credits for the 2010 tax year.   Up to a $20,000 tax credit can be taken for planning consulting, training and/or raw labor costs associated with starting or expanding a tele-work program.  There is an additional tax credit of up to $1,200 per tele-worker.  Eligible expenses include equipment (computers, telecommunications, data entry, data processing, and software).

Those who wish to participate for the 2010 tax year must submit the tax credit application to the State Revenue Commissioner by October 31, 2009.  Employers will be informed by December 31, 2009 as to whether their application has been accepted.   If accepted, the employer can then make 2010 outlays for their tele-working program with confidence that they qualify for the tax credit.  If the total amounts of credits requested by all taxpayers exceed $2.5 million dollars, then the funds will be dispersed among employers on a pro-rata basis. 

To learn more about the qualifying for the Georgia tele-working tax credit, please call or email Hoffman & Associates today.

404.255.7400

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