Legis Daily

Honor and Hire Veterans Act of 2025

USA119th CongressHR-2801| House 
| Updated: 4/9/2025
Gabe Vasquez

Gabe Vasquez

Democratic Representative

New Mexico

Ways and Means Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
This bill, titled the "Honor and Hire Veterans Act of 2025," seeks to significantly enhance the Work Opportunity Tax Credit for employers who hire veterans. It amends the Internal Revenue Code of 1986 to provide a higher credit rate specifically for qualified veterans, aiming to incentivize their employment. Under the proposed changes, employers hiring qualified veterans would receive a credit equal to 50 percent of their qualified first-year wages, an increase from the standard 40 percent for other eligible groups. Furthermore, the bill substantially raises the maximum amount of qualified wages that can be taken into account for veterans, increasing limits such as from $12,000 to $18,000 , $14,000 to $21,000 , and $24,000 to $36,000 . These adjustments are designed to make hiring veterans more financially attractive for businesses, with the amendments applying to individuals who begin work after the bill's enactment.
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Timeline
Apr 9, 2025
Introduced in House
Apr 9, 2025
Referred to the House Committee on Ways and Means.
  • April 9, 2025
    Introduced in House


  • April 9, 2025
    Referred to the House Committee on Ways and Means.

Taxation

Honor and Hire Veterans Act of 2025

USA119th CongressHR-2801| House 
| Updated: 4/9/2025
This bill, titled the "Honor and Hire Veterans Act of 2025," seeks to significantly enhance the Work Opportunity Tax Credit for employers who hire veterans. It amends the Internal Revenue Code of 1986 to provide a higher credit rate specifically for qualified veterans, aiming to incentivize their employment. Under the proposed changes, employers hiring qualified veterans would receive a credit equal to 50 percent of their qualified first-year wages, an increase from the standard 40 percent for other eligible groups. Furthermore, the bill substantially raises the maximum amount of qualified wages that can be taken into account for veterans, increasing limits such as from $12,000 to $18,000 , $14,000 to $21,000 , and $24,000 to $36,000 . These adjustments are designed to make hiring veterans more financially attractive for businesses, with the amendments applying to individuals who begin work after the bill's enactment.
View Full Text

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Apr 9, 2025
Introduced in House
Apr 9, 2025
Referred to the House Committee on Ways and Means.
  • April 9, 2025
    Introduced in House


  • April 9, 2025
    Referred to the House Committee on Ways and Means.
Gabe Vasquez

Gabe Vasquez

Democratic Representative

New Mexico

Ways and Means Committee

Taxation

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted