Tuesday, September 3, 2013

Do I qualify for a small business tax credit?

Your small business may qualify for employer tax credits for offer health insurance if:

  • You have fewer than 25 full-time equivalent employees making $50,000 a year or less. 
  • The tax credit is highest for businesses of 10 or fewer employees who make $25,000 a year or less.

How to Qualify


To qualify for the Small Business Health Care Tax Credit, you must meet the employee and income stipulations and pay at least 50% toward the cost of your full time employees' premium costs. The credit is also only available when you purchase coverage through the public exchange SHOP Marketplace.

You can find out more by visiting IRS.gov or consulting with your tax adviser to see if your business might qualify. And if so, how much that credit might be.

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