Save money when hiring with the HIRE ACT and other tax credits. If you hire a new employee who has worked less than 40 hours in the past 60 days you, the employer, will immediately improve your cash flow since you will retain the employer portion of the Social Security tax ordinarily remitted. In addition you will receive up $1,000 tax credit for each previously unemployed worker you hire. The HIRE ACT tax incentives and credits are in addition to WOTC (Work Opportunity Tax Credits) and state hiring incentive credits.