Secretary Bussey along with representatives of New Mexico Children, Youth and Families Department and NMCAN addressed employers about the new Foster Youth Employment Tax Credit, signed into law by Governor Martinez earlier this year. Taxpayers who employ ‘qualified foster youth’ for at least 20 hours per week may claim a tax credit of up to $1,000 of the gross wages paid to each foster youth employed for a full taxable year.
The tax credit will go into effect on July 1, 2018. For questions or for more information please contact NMCAN at 505-214-0220 or visit the NMCAN website at nmcan.org
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