This document provides information about the small business health care tax credit available to small businesses that provide health insurance for their employees. Some key points:
- Up to 4 million small businesses are eligible for a tax credit of 35% of their health insurance premium costs in 2010, increasing to 50% in 2014.
- To qualify, businesses must have fewer than 25 full-time equivalent employees, pay average annual wages below $50,000, and cover at least 50% of employee health insurance costs.
- The credit can be claimed for premium costs paid in tax years 2010-2013 and for two additional years, helping to offset a portion of small business health insurance costs immediately.
1. 2010 HealthCare
Small Business Tax Credit Guide
4 Million Small Businesses Are Eligible for 35% Tax CREDIT!
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