New Health Care Tax Credit

by Precept on Apr.27, 2010, under Tax

Small business owners, if you find a postcard in the mail from the IRS, have no fear; it is likely not an audit notice.

The IRS is alerting about 4 million small business owners of the availability of a new tax credit this year. If you are an “eligible small employer” and pay more than 50% of the cost of health coverage for staff, you may qualify for a tax credit of up to 35% of what you pay. If you don’t pay for health coverage for your staff but have been thinking about doing so, this credit may be something to discuss with your financial advisor.


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