By Karen Axelton
Are you considering letting your employees work remotely, or do you already do so? If you’re in Virginia, you could get tax credits for letting employees work remotely, the Washington Post reports.
Under a new pilot program created by legislation adopted this year, as much as $1,200 in tax credits per employee is offered (up to $50,000 per company) for eligible expenses associated with working remotely and incurred in 2012 and 2013.
Sen. Mark Herring (D-VA), one of the sponsors behind the legislation, said working remotely is beneficial because it cuts down traffic, makes businesses more productive and gives workers a better quality of life.
In order to participate, businesses must apply to the Virginia Department of Taxation by October 31. The pilot program will last two years; tax breaks are limited to $1 million overall.