RECRUIT Act of 2024

The RECRUIT Act of 2024 creates a tax credit for small employers who hire reservists from the National Guard or military reserves. Employers with fewer than 500 average employees can claim a 40% credit on wages paid to qualifying reservists, with the credit amount increasing based on service duration: $1,000 base plus up to $10,000 more for reservists with 180+ days of active service. The credit applies to wages paid after December 31, 2023, and excludes inactive-duty training days. This policy directly supports small businesses by offsetting costs of retaining military reservists who serve significant periods in uniformed service.