Small Business Health Insurance Tax Credit
Did you know part of the Affordable Care Act can help your small business save money?
The Affordable Care Act helps small businesses and small tax-exempt organizations afford the cost of covering their employees.
If you have fewer than 25 employees and provide health insurance, you may qualify for a small business tax credit of up to 35% (up to 25% for non-profits) to offset the cost of your insurance. This credit will increase in 2014 to 50% (35% for non-profits). This will make the cost of providing insurance much lower.
You can use this worksheet to determine whether your business qualifies: Click here for worksheet.