To view our videos, you need to
enable JavaScript. Learn how.
install Adobe Flash 9 or above. Install now.

Then come back here and refresh the page.

Those who are pitching for a job are probably not aware of a lucrative angle: the employer who hires new employees can actually get tax credit. Congress just passed the Hiring Incentives to Restore Employment (HIRE) Act, allowing businesses willing to hire people within certain dates and guidelines to save thousands of dollars.

"A business that hires an unemployed New Yorker who's been unemployed for two months or more will qualify for a 6.2 percent payroll tax cut," says John Moye of the State Department of Labor. "Additionally, they can qualify for an additional $1,000 tax cut credit if they keep the employee for more than one year."

The State Department of Labor is promoting the program as an additional tool for job seekers to bring to interviews. Even those job seekers who do not have a firm understanding of business taxes can use an online calculator on the DOL's website. Plug in a salary figure, and the amount of tax savings is calculated to the penny.

"Certainly during the course of the interview, if you feel like you're able to nail this interview, in addition to showing you're a great employee, [say] 'Here's a tax incentive that you'll receive from the government,'" says Moye.

To take advantage of the tax cut, companies need to hire people who have been unemployed for at least 60 days, and the new workers need to be hired between February 3, 2010 and January 1, 2011.

For more information, visit www.labor.ny.gov.