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Workforce Resources
- By: Anna Black
- On: 03/17/2026 11:08:53
- In: Workforce
Here are two ideas to consider:
- Maine's Student Loan Repayment Tax Credit
- Federal Work Opportunity Tax Credit
More info:
- Maine's Student Loan Repayment Tax Credit—some of your employees may qualify for this refundable state income tax credit that provides up to $2,5000 annually to Maine residents repaying students loans. Learn more here: Maine's Student Loan Repayment Program | Live + Work in Maine
What about the federal Work Opportunity Tax Credit program? Do you or your HR team know much about how this works?
- The federal Work Opportunity Tax Credit program provides tax credits to businesses who hire Mainers facing serious barriers to employment, such as the long-term unemployed and justice-involved Mainers.? The program incentivizes hiring of populations who often watch from the sidelines while their neighbors thrive in the workforce.
- With investment from the Maine Jobs & Recovery Plan, Maine's Department of Labor is increasing its capacity to swiftly review and approve tax credit applications from Maine employers. For participating businesses, the credit directly reduces tax liability by $1,200- $9,600 per eligible new hire.
Learn more here: Work Opportunity Tax Credit | Internal Revenue Service