09 Jun Health Insurance Tax Credit
Your small business may qualify for a health insurance tax credit from the federal government. Small businesses with between 1 and 25 full time equivalent employees, that offer health care coverage and pay at least 50% of the premium, whose employee’s wages do not exceed $50,800 per year qualify for various levels of credit. The insurance must be purchased through an exchange such as www.healthcare.gov.
Tax credits can be applied to prior fiscal years as carry backs as well. To see if you qualify and get an estimate of your tax credits visit https://www.healthcare.gov/small-business-tax-credit-calculator/
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