Apprenticeship
Tax Credit
045 – APPRENTICESHIP CREDIT
How to claim: TC-45
Who is eligible: Taxpayers who employ an apprentice
Credit amount:- - $1,000 per apprentice
- - Can be claimed for up to four years per apprentice
- - Must be registered with the U.S. Department of Labor’s Office of Apprenticeship of the Employment and Training Administration
Tax type: Income Tax
Credit carryforward: None
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065 – VETERANS APPRENTICESHIP CREDIT
How to claim: TC-65
Who is eligible: Taxpayer who hire a veteran of the US Armed Forces as a new employee in a registered apprenticeship validated by the US Department of Labor. The credit is available to employees hired from January 1, 2022 to December 31, 2026.
Credit amount:- - $3,000 for year one
- - $2,500 for year two
- - $1,000 for year three
Tax type: Corporate or Individual Income Tax, Bank Tax, Savings and Loan Tax, Corporate License Fee, or Insurance Premium Tax
Credit carryforward: None-------------------------------------------------------------------------------------------------------------------------
064 – FORMERLY INCARCERATED APPRENTICESHIP CREDIT
How to claim: TC-64
Who is eligible: Taxpayers who hire a formerly incarcerated individual as a new employee in a registered apprenticeship validated by the US Department of Labor. The credit is available for employees hired from January 1, 2022 to December 31, 2026.
Credit amount:- - $3,000 for year one
- - $2,500 for year two
- - $1,000 for year three
Tax type: Corporate or Individual Income Tax, Bank Tax, Savings and Loan Tax, Corporate License Fee, or Insurance Premium Tax
Credit carryforward: None--------------------------------------------------------------------------------------------------------------------------
Participating Employer - Application for CECA SC-1 Apprenticeship Tax Credit - Example Form