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New Member

What is the job mentorship tax credit

2 Replies
Level 15

What is the job mentorship tax credit

There is no federal credit called the job mentorship credit.   Are you thinking of a state credit?  What state?

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Expert Alumni

What is the job mentorship tax credit

It is a credit given to encourage New Mexico businesses to hire youth participating in career preparation education programs, a taxpayer that is a New Mexico business and that files a corporate income tax return may claim a credit in an amount equal to fifty percent of gross wages paid to qualified students who are employed by the taxpayer during the taxable year for which the return is filed. The tax credit provided by this section is referred to as the "job mentorship tax credit".

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