Health Care Tax Credits Can Cover up to 75% of Small Business Health Coverage Costs

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According to the SBA, half of the small businesses between three and 10 people don’t provide health care, but would like to offer it. According to the US Treasury, the Affordable Care Act contains provisions that would allow up to a 35% tax credit for qualifying businesses, who may receive both state and federal tax credits. Fortunately, determining whether your business qualifies for those credits just became much easier.

In states that provide direct assistance, the combined federal-state credits can cover up to 75% of an employer's premium costs. Learn how new IRS guidance makes it easier to qualify for obtain these powerful tax credits and incentives.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Nathan Roach, G&M Law | Attorney Advertising

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