Jun 20, 2023
South Carolina businesses may qualify for a tax credit when they hire employees who received South Carolina Temporary Assistance for Needy Families (TANF), formerly known as Family Independence (FI) payments, three months prior to hire. The credit is equal to 20% of the wages paid for each full month of employment during the first 12 months of employment; 15% of wages paid during the second 12 months of employment; and 10% of wages paid during the third 12 months of employment. Please reach out to Julie Dietz for additional information or questions.