How does the first 24 months credit work?
The employer gets a credit of 10% (to a maximum of $2,000) of the salary and wages paid to an apprentice in the tax year while the apprentice was still in the first 24 months of the apprenticeship. Effective July 1, 2009 the employer gets a credit of 20% (to a maximum of $4,000) of the salary and wages paid to an apprentice in the tax year while the apprentice was still in the first 24 months of the apprenticeship. The start of the apprenticeship is the date the apprentice is registered in an eligible program with the Industry Training Authority.
