Save With Public Safety Tax Credits
As a company of first responders or others involved in protecting people, you deserve tax benefits for the work you do in your community. Credits can take money off the amount you owe to reduce your tax burden. At Polston Tax, we help public safety companies navigate local and national benefits.
The federal government offers general business credits for increasing research activities. Companies developing new public safety or security technologies or improving existing systems may qualify. These benefits may also support public safety companies that invest in clean energy, such as adding solar panels to their building.
You can receive reductions for particular actions taken on behalf of employees. Employers who provide child care can get benefits. Public safety companies that hire specific individuals, like veterans or those receiving government assistance, may also receive tax perks.
Other advantages vary by state. Many states offer credits to companies that invest in local jobs. These states include California, Massachusetts and Florida. The amount often depends on factors like the number of jobs created and the strategic importance of your work to the region. You may earn more credits from operating in rural or high-crime urban areas.