Health insurance premium tax Credit
Starting in 2010, up to 4 million small businesses that offer healthcare coverage to their employees may be eligible for a tax credit. Fill in the amounts below to find out what your tax credit will be.
To qualify, a small business must:
- Have fewer than 25 full-time equivalent employees,
- Pay average annual wages below $50,000
- Contribute at least 50% of each employee's premium
Note that owners are excluded, and should not be counted in number of employees, wages, or premium contribution amount.