State benefits. Some of the most tangible benefits to hiring veteran workers are tax credits, offered by many states to encourage businesses to hire veterans. To find out if your state offers financial incentives for hiring veterans, speak with your tax advisor or contact your state’s department of revenue. State hiring incentives can save you thousands of dollars in taxes. Typical state tax credit programs will give you a credit equal to a certain percentage of your employee’s total wages paid, up to a maximum of $5,000 to $10,000.